diff --git "a/reddit_finance_43_250k_270.txt" "b/reddit_finance_43_250k_270.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_270.txt" @@ -0,0 +1,10000 @@ +**Option 2** \- Allow these types of posts to continue at the mod teams discretion on a case by case basis. Some of these posts have gone over the line and situations like self harm, illegal drug use and sexualization can be a bad look for our community. Bans would also be handed out at the mod teams discretion. + +**Option 3** \- No posts like these allowed period. We understand a lot of apes consider this to be forum sliding. + +[View Poll](https://www.reddit.com/poll/pbfdr7) +Hello everyone, I had a quick question. I am trying to be talked off of investing the $25k in JEPI for a year or so and withdrawing when I need the money. I have a IRA maxed out as well as a personal brokerage with our favorite dividend players, so this money isn't going to be used for either of my brokerages and otherwise I would be putting it in a CD for a year. What is the downside of parking it in a high yield fund such as JEPI for a year and collecting it when it's needed. I understand taxes, etc. But after considering taxes etc it still seems better to put the money in JEPI over a 4-5% CD. Am I missing something...? It seems like a great place to park a "cash savings account." + +&#x200B; + +TIA and I also understand the price of JEPI is designed to fall around it's high dividend. I just don't see how this could go wrong other than a total collapse of the fund lol. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Like many of you, I really enjoyed u/ethical-trade's thoughtful "[Before the flood](https://www.reddit.com/r/ethtrader/comments/bar534/before_the_flood/)" post. I have actually been thinking about writing a short summary of my experience here, or a "thank you," so inspired by his example, here goes. + +I came to this space about two years ago. I remember buying my first ETH at about $250 or so. I had bought my first Bitcoin a few weeks earlier, together with some Litecoin. Over the summer, I studied the Ethereum ecosystem and increasingly became interested in the possibilities this new technology would enable. I started asking (dumb) questions on this sub, figuring out how to secure my coins, what a fork means (how the politics of the Bitcoin fork played out), what scaling problems needed to be solved, et cetera. I kept on DCA'ing, more or less, and went from 2:2:1 BTC/ETH/LTC to 1:4 BTC/ETH. I picked up some ERC20 tokens, too. The market was going up, and I remember reading u/DCinvestor's long but thoughtful posts on the state of Ethereum. I joined a local monthly crypto meetup. I was making "easy" money in the fall of 2017, thinking I was "a genius" for making the right call, as cryptocurrency marched on to all-time highs. I kept on buying more ETH, and even gave some younger cousins $5 worth of ETH at Christmas. I probably talked about my newfound interest with too many people, or at least I wasn't cautious enough. A friend of many had unexpectedly received a few hundred euro's and we talked about cryptocurrency. I helped her set up a Coinbase account to buy some ETH. Looking back, I think I was quite cautious in my approach, stressing the volatile nature, but an order was placed at $1200 or so, which still makes me feel bad. + +Anyway. I didn't take profits. I thought that we might as well see $3000 ETH soon, partly because of the Ether futures, partly because of the Bitcoin ETF rumors, and I just needed to hodl. As the market started going down, I kept DCA'ing. This was just a temporary break, right? And I want to be [rich like ETH whales](https://www.reddit.com/r/ethtrader/comments/887opi/i_am_an_eth_whale_ama/)! In April/May, there was reason to believe we had recovered, as ETH jumped from $500 to $750 (iirc), but that didn't turn out to be right. Time passed on and I kept on buying. Somewhere in the summer, I sold my motorcycle for €7000. I thought it was a good idea to take that money and buy 1 Bitcoin, thinking that "soon, I'll be able to buy a car with that money!" Wishful thinking, for sure. Just like selling $1000/AMZN (after a nice runup) for $1000/ETH a few months earlier. Probably the worst trade I ever made. Maybe I should've bought a [crypto station instead](https://www.reddit.com/r/ethtrader/comments/8jkfmq/my_10_crypto_station_is_ready_for_a_bull_market/), or put more thought into [How to Survive Crypto Investing](https://www.reddit.com/r/ethtrader/comments/84f1tn/how_to_survive_crypto_investing_in_this_market_or/). In any case, if the saying's right, namely "[hodlers make their money during the green candles, but they earn it during the red ones](https://www.reddit.com/r/ethtrader/comments/7qz1qn/daily_general_discussion_january_17_2018/dsszbbw/)," I had definitely earned it by now. The market was going sideways, and even uncle Mike [called a bottom](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7enz9rH.44Q/v1/-1x-1.png). And Bakkt! But the worst was yet to come. + +The bear continued and Bitcoin broke from $6000 to $3000, and we went down all the way to $85. I had opened a CDP a few weeks earlier ([playing around](https://old.reddit.com/r/ethtrader/comments/a0s384/daily_general_discussion_november_27_2018/ealcpef/?context=3)), thinking we had seen the worst around $200. Boy was I wrong, and boy did I lose sleep for a few weeks, when we went from $200 to $150, $120 (Lubin mentioned that "two digit $ETH would be bad" iirc on a podcast, and started letting people go around that period), $99 and down. I kept on adding ETH to my CDP, which was good, because I would not get liquidated (yet), but it was bad too, because now my CDP grew much bigger than I wanted it to be (% wise compared to total holdings). Postponing liquidation meant adding to the size of the collateral lost. Around this period, other people shared their stories. It was horrifying. A guy here went from low 8 figures to losing half his stack in a few months. In the end, I didn't get liquidated. I did make two videos around that time, which are private for now, just to remind myself how emotionally difficult that period was (and the daily's were quite amazing, Dec [14th](https://old.reddit.com/r/ethtrader/comments/a625ea/daily_general_discussion_december_14_2018/?sort=top) and Dec [15th](https://www.reddit.com/r/ethtrader/comments/a6cx1d/daily_general_discussion_december_15_2018/?sort=top)). Other people were very [thoughtful](https://www.reddit.com/r/ethtrader/comments/9r7nkm/daily_general_discussion_october_25_2018/e8gjvh1/), and iirc, it was around this period where u/shouldbdan started experimenting with the donut bridge, and putting up [hilarious](https://www.cryptocurator.org/wp-content/uploads/2018/12/muh-crypto-bags-x-hq-low.jpg) banners. u/oldskool47 had some great [relationship advice](https://www.reddit.com/r/ethtrader/comments/awenvi/daily_general_discussion_march_2_2019/ehmk9w5/), too +(Of course, such cheap $ETH was a reason for some to go all-in, which I call the [Justin Drake strategy](https://www.reddit.com/r/ethereum/comments/arw075/ama_about_ethereum_leadership_and_accountability/egq7cik/). Come back with your shield or on it.) + +Which brings me to my final point, and the reason why I'm writing this in the first place. I want to extend a big thank you to some of the people here who genuinely tried to turn this place into something positive, worth following and inclusive towards all. First and foremost, the moderators. Second, all the great community members here, especially YOU, if you made it all the way through this wall of text. I'm looking forward to this next cycle that we seem to have entered. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**EDIT: I think this post was misinterpreted as a HODL post. I apologize. It was meant for the new people. The people who are panicking and pressing market orders without any real reason. Traders be traders. This was made as a message to myself a few years prior when I had no idea what I was doing and unable to truly understand how markets react. Trading is best left for those with experience. Paper trading or trading small amounts for training purposes is recommended for first time traders looking to get into trading. Follow the news religiously as you got to see first hand how news can affect the market. Crypto trading involves news and Technical Analysis. Mistakes will be made but your resilience is what will make you a better trader.** + +To be honest, I have realized that playing bear trends are much harder than bull trends. If you can assume the price of ETH will be higher in the long term, it makes more sense that you can just hold and wait until the price recovers to that point sometime in the future and you will still have the same amount of ETH. + +Since the price of ETH is assumed to be higher in the future, if you sell during a bear trend and the price doesn't reach that point because of a reversal to keep following the long term bull trend, you get stuck in fiat or BTC and end up buying back in higher so you end up with less ETH. + +Crypto really tests the strength of your balls. A big thing to remember is that previous trends do not predict future trends and comparing previous trends to future trends is outright wrong because market sentiment is always different at different points in the graphs. + +To put into perspective, if we touch $250 from $290 (Now) and you are still holding onto your stash, that's a -16% loss in USD value. In crypto, that really isn't that much and to be honest, you will not time every drop perfectly so you have to set limits to how much you are willing to lose. The markets are highly irrational and is flooded with people who do not grasp how the markets work (Irrationally). + +Now, think into the future and we are currently at $250. You already lost 16%. If we touch $200, then now that's another 25% loss from the $250, right? You are probably thinking "Why didn't I sell earlier at this point?". + +This is where I mean the test of your balls comes in. By selling at $200, you are now wiping 45% of your ETH stash. You now hold 45% less USD and FIAT from the original $290 (Today). The thing is, do you really think ETH will drop below $200 by much? If you already lost 45% and ETH is at $200, you must be pretty crazy because that means despite all the new announcements and developments and ICO's developing dApps in their early stages that wasn't there during the first time we touched $200, you are saying that ETH is still the same ETH that it was at $200 2-3 months ago before all this news came out and Metropolis Part 1 wasn't even known yet. + +Ethereum is still in BETA. If a BETA project is currently worth $200-$400, imagine what the final product will mean for the price of Ethereum. Also, Proof-of-Stake means that people will need to lock their ETH into wallets in order to earn more ETH and support the Ethereum network, reducing the available supply even more on the markets. This reduces sell pressure as ETH is seen as highly valuable enough to hold from selling on the markets. We all know how crazy the miners are. Imagine how crazy Ethereum will be once PoS comes into play. ETH will also be used for different dApps and maybe eventually other cool things that we haven't thought of yet. Smart contracts are something the world is coming to realize is very important in a place where accountability is currently centralized when it shouldn't. Ethereum is the seed that started it all and just like how Bitcoin brought new cryptocurrencies, Ethereum will be the gold standard and front runner for reliable information in the future that can't be corrupt. Seriously, smart contracts backed by a blockchain solve the issue of trust for many things in the world. Blockchain revolutionized the world by removing trust and bringing a ledger into existence that is not able to be forged. + +If you don't know what you are really doing, don't trade a bear trend. Dollar Cost Average buys or pick up sharp dips. If you think the value of ETH will be higher than it is today in the future, there is never a good reason to sell at a loss. Imagine once the Ethereum ecosystem thrives and the price starts skyrocketing. Ethereum and Bitcoin (The Big Boys) will suck up all the money and clean out all the bullshit crap in the crypto space. I'm talking about all these low marketcap garbage. That was the old crypto space. Things are changing and now that people have standards and more knowledgeable, less people will invest into garbage BitcoinTalk random ICO's made by 2 dudes at their parent's basement. It will get harder for garbage as people now have something finally to compare what real blockchains should be and how they can affect the world. + +The old crypto is fading away. Old crypto was riddled with fantasy dreams and scams because it was the wild west. Now we are evolving into a more civilized era where it takes credentials to raise funds. Back then, no one knew what was possible. Being in the crypto game for many years, it has been a pleasure to watch the space evolve. My message to all /r/Ethtraders and anyone that comes across this post is to be patient and never let go of your crypto unless some comes and pry's it from your cold, dead wallet. Don't be that fool that loses a small future fortune because you wanted to gamble with your stack. The only time crypto should leave your wallet is when you want to purchase something or spend it because spending also shifts the crypto from early adopters like us to new people and stimulates the crypto economy so that maybe the next guy that receives your coins might take them and bring new ideas to help further flourish the crypto economy. + +**TL;DR:** Stop freaking out over micro level charts and think longer term. You won't get rich in 1 day and surviving with more coins is more important than risking solvency if you don't know what you are doing. Medium to long term traders survive longer in crypto than short term traders. Go take a break. Live life. Be happy. If you think the price of ETH will be $3,000 in the future and you are constantly making bad trades due to FOMO and panic, saving what you have for a guaranteed return is better than risking short term trades and losing coins. +New investor here. Since last week or so, it seems to be hitting a new high everyday with going up to $1.80+ today. Is it worth buying rn or should I just wait for the dip? +Did you ever pick individual stocks or have you been indexing from the start? What have you learned along the way? What has been your approach snd strategy with deploying cash at specific timelines? Have you calculated your Average ROI over this timeline? +# About me + +My Apes. My first GME purchases just graduated as long-term investments. I've since YOLOed and DRSed 100% of my shares. The corruption we've uncovered here makes me sick and embarrassed as an American. I bought my first house in 2007 and saw first hand the destruction these financial terrorists create and I'm not about to sit aside as they drive good people into the ground financially again. + +I'm convinced the rich buy politicians to write loopholes into law so they can fleece anyone and everyone. + +# The GME DESIGN HIVE + +The GME Design Hive is meant to distill our best DD into digestible and irrefutable media apes can share to generate awareness of what we know. I believe the more people who know, and the more they know, the less options the shorts and their friends have. + +Here is a little more explanation of what I'm kicking off: [https://www.reddit.com/r/Superstonk/comments/s9kall/solution\_proposed\_this\_morning\_got\_me\_so\_fired\_up/](https://www.reddit.com/r/Superstonk/comments/s9kall/solution_proposed_this_morning_got_me_so_fired_up/) + +# Let's see if the HIVE is as good at disseminating information as it is at collecting it. + +If you want media to share, request it. + +If you have design talents or video editing talents or any other talents we could use you. Even people with no talent can review media for understandability. + +This project is organizing in an anonymous Google spreadsheet, so be sure to use a throwaway google account. + +[https://docs.google.com/spreadsheets/d/1V7eKL\_XM6LzTCJZDkbHOzHO\_PsuOn3EHw3ttf6G1-sI/edit#gid=639257683](https://docs.google.com/spreadsheets/d/1V7eKL_XM6LzTCJZDkbHOzHO_PsuOn3EHw3ttf6G1-sI/edit#gid=639257683) + +Feedback is always welcome. +So while many people my age are just finishing off paying their student loans, I've worked religiously for the past 10 years to set myself up for the future. No one knows about this by me and my parents, not even my girlfriend knows, but we've been together for 4 years now and I'm going to propose soon so she'll get filled in eventually. But here is my personal experience with attaining FIRE and how targeting it from an early age helped immensely. + +In high school I had a math teacher that didn't teach because he needed money, but rather because he loved doing it. He had a bunch of rental properties and was flithy rich, yet working as a algebra teacher, just because that's what he wanted to do. He became my mentor and he helped me make sure I didn't fall into the typical pitfalls of everyone else. + +For the first 2 years of my college career, I went to community college. Since I went to school in a rather well-off public school, there was just an assumption that everyone would go to a private or expensive public school, but I didn't. I got most of my core classes done in 1.5 years for approx. $12,000. I worked Mondays and Wednesday and some weekends and went to class the other days. By the time I was ready to move onto to a "real" school, I had saved up nearly $25,000 working and living at home. I'm still thankful for my parents for helping me at that early stages because if not for them, I would have had to take on debt. + +I went to a moderately expensive private college ($40,000 a year), but I had scholarships and financial aid that dropped to nearly $6,000 not counting housing. I found roomed with 3 other guys in small house and paid just $150 in rent while the other guys paid $300. Made up for the difference by doing chores around the house which I liked to because I like to keep my living area clean. + +Started an internship between my junior and senior year of college and invested what I saved and earned that summer and did rather well for myself, Graduated with a 3.5 GPA, a decent job offer in my low cost of living area, and nearly $40,000 in the bank. + +My first job had a take home pay of $52,000. These were my expenses for the first 3 years when I had that job. + +Rent: $750/month +Food: $250/month +Entertainment: $100/month (went to the bars only once a week) +Gym: $80/month (cheaper options were available, but I splurged) +Clothes: $100/month (outlet stores, kept changing sizes) +Misc. $200-$300 (minor stuff here and there) + +I always spent right around $1,100-$1,200 every single month on my CC. I only have 1 CC and I paid it off in full every month. I got paid just over 4,000 as my pay, so nearly 50% was going straight to my savings. + +I got laid off in 2008, but I wasn't worried at all. I had a cushion that could keep me going for YEARS, but then I ran into an old buddy of mine that was in the construction business. He had the expertise and I had the capital and the contacts, so we started buying houses. + + +Since I lived in a low-COL area in the midwest, our housing market did not tank as badly as out on the coasts but we still had foreclosures or REOs. We started small and the very first house we bought was a 2-bedroom/2-bathroom house for $13,500. It was worth almost $65,000 pre-market crash but it needed work. We spent $10,000 in materials and the two of us spent 2 weeks (10+ hours a day minus Sunday) fixing it up and remodeling it into a 4-bedroom/2-bathroom house. + +Total cost was just under $24,000. We rented it out to college students for $800. We were extremely selective because we didn't want degenerates ruining our masterpiece, so it took a while but we found a set of quiet sorority girls that didn't throw parties and it kept getting handed down in their family from each generation for 6+ years and still ongoing. + +Once we started renting that house, the same year we picked up: + +House A for $17,500 + $3,000 in renovations = $20,500 + +House B for $10,000 + $10,000 in renovations = $20,000 + +Duplex A for $22,000 + $17,500 in renovations = $39,500 + +All together I put in approx. $95,000 and Brad put in $45,000. We always kept cash on hand in case we could find a property cheaply that we could fix up. Our main goal was to find houses with a lot of sq. footage that we could remodel or add bedrooms too in order to rent it to big groups of students. It helped that many of these houses had unfinished basements where we could always add in pair of non-conforming bedrooms, as students were fine with it since rent would be way cheaper with 2 extra friends living there. Most houses went from 2-4 bedrooms to 5 to 6 bedrooms. + + +While we did have to scrape by in the beginning, since I was running off my emergency fund, and Brad's family was living off his wife's wages, we did whatever was necessary to get the houses up and running and ready to rent. We became more lax in our tenants and that did cost us later on in house damages but the security deposits usually covered all the damage. + +Through 2009-2011, we added a whopping 16 homes to our portfolio. Most homes were bought for under $20,000 and fixed up for another $7,500-$10k. We modernized them with fake wood floors and always were on the scour for deals for stainless steel appliances since most of the college kids we rented to went to our alma mater and were rather spoiled. They wanted a rich suburban house feel in a lower-income area. Word of mouth spread and, we had more students look to seek houses from us then we had. + + +I will admit that starting in 2009, our rapid expansion needed more workmen so we did get outside help. We found guys from our fraternity that were willing to work hard in the summers and we couldn't have gone through so many homes so quickly without them. + +Ben, our first help is now employed full time with us through our LLC. He manages the homes, set up a website so students can pay online, request repairs, as well as show off our homes to potential tenants. + +By the April 2013, we had a total of 27 houses (23 singles and 2 duplexes). Total cost was ~$930,000 over the 5 years we purchased them. We never had a mortgage and we flipped a few houses along the way to pay for properties we wanted to keep to rent out. Those 27 houses were worth approx. $2.5 million, bringing in monthly revenue of $29,000. + +Bradley passed away in a motorcycle accident. His wife and kids still have a share in our endeavor and they will be taken care off as long as I'm alive. + +While many think FI/RE can be achieved only through working behind a cubicle or starting some crazy internet company or inheriting a nest egg and living off of it, it's clear to me that the universe works in crazy ways. I never thought I would know how to use a jackhammer or a radial saw but I learned and I put in the blood, sweat, and tears. I went to bed some nights in the beginning crying because I had no idea what would happen if our only house burnt down and we had to wait for insurance and rebuild. + +My message to you all is the follwing: + +The world is a crazy place, and the we're all on a journey for freedom. It doesn't matter how you get there, as long as the goal/destination is in your mind. Sometimes you'll run into old friends and they'll become like family. Don't worry about money. Be happy with what you have and what you do and if you work hard, things will work out in the end. + +My lifestyle has not changed much since those days from my first job. I don't pay rent anymore, and my credit card bill each month is a bit higher, around $2,000/month. I still wear the same brands of clothes, still live in a small home (although a bit out west, where it is more suburban, and still have the same old hobbies (insert shameless plug for /r/modeltrains). + +I will say this. Once you do attain FIRE, all those countless nights of stress or deciding not to spend money on that new car or anything like that becomes irrelevant. When Ford released their F150 Raptor, I wanted it more than anything. I even went to the dealership and test drove the first model they had. I almost was about to take a loan and pay nearly $650/month to finance the truck, but I walked away. It was one of the hardest things to do. + + + + +Current Financial Situation + +We now have 3 employees, not counting myself. Ben is still with us as manager. We added Antonio as our full-time handyman. We also added Samantha at the beginning of the year as our office secretary, since Ben is getting too busy to take office calls. Our portfolio count is up to 71 total properties with the average cost being nearly $40,000. Not only have home prices been rising, so our cost to acquire properties has gone up, so has our assets value to nearly $6.7 million, als our income to nearly $128,000/month. After my salary expenses, repair expenses (averaging about $10,500), taxes, and Brad's share, my monthly take home is around $58,000, but I've been feeding the money back into it to be able to buy more homes. + +The LLC is owned 85-15 now. We purchased our first commercial building about 3 years ago in a barely developed area of town out West for a minute amount of money, it wasn't generating a profit as it only had 20% occupancy during that time, but it was enough to cover all costs. As people have moved West, multiple neighborhood have popped up and drove up the value of our complex 8 fold and while the rents we can now charge are 3.5x to 4x what our current commercial tenants pay. I've decided to move on to commercial real estate and apartment complexes rather than single-family homes. Brad's wife doesn't see the potential and asked me to buy her out, so I will. Once I do, I plan on liquidating some of the older homes as they are getting to be nearly 7-8 years old and around the 10 year mark is where they get the big $$$ issues. + +So while I could very well, just sit on my butt and not worry about a thing in the world and just let it coast, I got too bored not working. We can only travel so much, since we have a long life ahead, I don't want to run out of things to do so quickly. I'm not doing it for the money, but I'm working to build a legacy. Kids are in my future, and I want them to have something to look up to in life, not as a handout but how to make sure it can keep growing. It's been a great adventure with ups and downs, but with Brad no longer here, I have no one else to really talk to. That's kinda why I've been typing away for the past hour. It's been 2 whole years brother, I still miss you everyday and I miss talking to you. This whole idea was yours and if it weren't for you, I'd have no idea where I would be. + +So guys, be mindful. Who knows, who your Brad might be... He wasn't just someone I worked with or my business partner. He was my brother and I miss him. We talked about getting a pair of matching Raptors, his would be white and mine black and taking them our to Nevada and going on an excursion, but we kept putting off and now it's too late. I think I'm going to go buy one in his favorite color tomorrow and take it out there. I know he'll be looking down with that idiotic grin he got on his face everytime we talked about it. + +Sorry for the rant, but I have no one else to talk to about this. It's 2AM and I've been drinking away since midnight. If anyone on here has questions or wants pointers, I would love to help and pass on not just my knowledge, but what Brad taught me. +Link: https://www.reuters.com/article/us-ford-motor-layoffs/ford-motor-co-cutting-about-10-of-global-salaried-workforce-idUSKCN1SQ1FV + +Around 7000 jobs with 900 being cut this week and around 2300 being cut in the US. Part of their reorganization effort and seems to be targeted more at white collar jobs and management versus manufacturing. +Based on the Chancellor’s new mini-budget, do you think professionals living elsewhere in the UK will be put off by living in Scotland, knowing they will be taxed more than someone else doing the exact same job in England? Conversely, do any higher earning Scottish residents feel this will be unfair on them? + + +i.e. Under the new tax announcements someone on a £100K a year job in Dundee will pay thousands more in tax, than someone domicile in Durham. +Last year **Overstock ($OSTK)** issued a crypto dividend (hmm, wonder why GME paid off all its debts early, they can now issue dividends). + +By creating a custom crypto dividend this would force **ALL** shorts to cover due to the fact *Ole Ken sucks toes, Melvin gobbles gilfs, and Vlad the queer beer* wouldn’t be able to provide the crypto as *only GameStop could provide the crypto.* + +So let’s do some simple meth *ahem* I meant math 😳 on Overstocks little teaspoon of a comparison fucking squeeze. + +$OSTK on March 13, 2020 was trading for **$3.23** and just five months later on August 21, 2020 it went up to a *juicy* **$121.09** damn that’s a sexy squeeze right? 🌚 + +[Overstock before the squizzle ](https://imgur.com/gallery/mDUE43j) + +[Overstock after the squizzle](https://imgur.com/a/IqxHQnR) + +Well guess fucking *what* mate the short interest was only fucking 13.8%...there was **5.8 million shares shorted out of 42 million** + +So that’s a *3,749%* increase in price. + +*Hehehe, here’s where the fun begins* + +So let’s take the minimum amount of short interest we have based off institutional holdings and all other calculations us *wrinkle brained chimpino apes have done* and let’s assume the minimum short interest calculation we have to work with is only **140%.** + +Now we’d have a **38,033.33% increase at GameStops current fucking price.** + +After hours close as of 4/16 is at $160.99 so using these calculations for the **minimum** projected squeeze target is **$61,229.33**. +*Hot damn this isn’t even including FTDs, OTC shares, all the other bullshit hedgies have thrown into our glorious oven where the tendies are being fucking baked and seasoned to perfection.* **Assuming all the other seasonings for our tendies our projections of 1-10-100 million are NOT “unrealistic targets.”** + + +Now let’s also take a look at the ticker **$DGAZF** + +The stock had a short interest of **45%** and went from a mere $400 a share all the way up to **$25,000** a share. + +[DGAZF Squizzle dawg 😎](https://imgur.com/a/9JUYdra) + +So, take a chill pill, a boner pill, maybe some whiskey or rum, or suck a big 🐔 (*if you’re a shill*) and wait for the **largest redistribution of wealth in history to occur.** + +I also want to discuss how there’s a large influx of shill posts trying to stir drama for no reason or karma farming posts that have no true worth. *Take a step back before posting and ask whether we can take something away from your post or you’re just going on a pointless rant.* + +**Let’s get something very clear: when someone says that their FLOOR is XXXXXX that does NOT mean it is the CEILING, PLEASE KNOW THE DIFFERENCE BETWEEN A FLOOR AND A CEILING.** + +*Thank you DFV for staying true and giving the 99% hope. I’ve lost my job this pandemic and it’s been tough mentally but once this rocket takes off I will never forget the unity we’ve had on this sub...I will get a tattoo as remembrance once we hit over $25,000. I vow to make the world a better place, as well as many other 💎🙌🦍 So cheers everybody, here’s to new beginnings, a brighter future for the world as we know it, and let’s never forget where we came from.* +I thought I was okay with having 20% of my portfolio in BTC but now that I’m down 40% I’m very nervous. This is money I actually need and I’m dumb for investing this much. I have not sold a single sat. I will not sell. I bought at a dumb time all at once, and I’m learning a big lesson. How do I deal with this mentally? + Just starting this to say this is NOT financial advice, NOTHING is guaranteed, DYOR. This is a real coin with a genuine use case and a great community with a lot of upwards potential and a solid roadmap. Full disclosure - I am 30 BNB in so I am invested in this project's success, but that aside I do believe this could be big. + + +Again for the second time, DO YOUR OWN RESEARCH. NEVER TRUST THESE SHILL POSTS WITHOUT CHECKING IT OVER FIRST. There are too many god damn scams on here. + +============================= + +- 1.7m MCAP and rising fast +- Doxxed Devs +- 1% of daily traded volume is donated to community’s charity of choice! +- Marketing network being built +- Dev Funds and Liquidity are LOCKED + +⏳ AMA this weekend + +⏳ Smart Contract to be audited by TechRate.org immediately and results will be announced. + +Charitas (the latin root of charity) is a DeFi protocol built with the vision of democratising charity to encourage transparency, honesty, and the effectiveness of charitable initiatives. + +They essentially capitalise on the large trading volumes of meme tokens and have 1% of the transaction fee be collected to be donated to the community of choice. + +There will be a voting app which will be launched, and Charitas holders will vote on which charities are to receive donations from the Charitas Fund. This enables the community to weigh and allocate donations based on urgency, current events, crucial initiatives, etc. + +3% of every swap is taxed/removed + +1%: Charity Burn - All tokens raised for charity will later be burnt + +1%: Automatic staking, earn interest directly to your wallet + +1%: Liquidity Pool Provisioning + +It's launched barely a few hours ago, and in all honesty, there was an issue locking the dev funds and trading on PCS was halted. However, dev stayed and fixed the issue which lasted over 2 hours. The community rallied afterward and we have been on a massive upwards trajectory since then. + +They had over 6 hours to rug us with the unlocked dev wallet after trading resumed, but the dev wallets are now locked. + +Community polls before Dapp is built is already being done to select which community the group is interested in donating to! + +============================= + +TLDR: + +- Chartias purpose is the Charity Fund. It is not an afterthought, but rather the main focus. + +- Charitas is already working on highly marketable partnerships with foundations. + +- More coming today and we're just getting started! + +- Impressive website at https://charitas.fund/ + +- Discord, Twitter, Telegram, Reddit are all gaining traction! + +- Even has LinkedIn as well! + +- Whitepaper on their website proves they have a game plan and are here to stay for the long term! + +Want to donate to charity? This can be an option 😉 + +Want to buy another meme coin? This is also another option 😉 + +Trade here! + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6466849a30247d90f0c228a6c4b6b106ff18cab9 + +https://poocoin.app/tokens/0x6466849a30247d90f0c228a6c4b6b106ff18cab9 + + +============================= + + +I'll say it yet again, DO YOUR OWN RESEARCH, never believe these stupid shill posts without checking, but for real, this could be a good one. I couldn't be bothered writing this post from scratch so I copy/pasted the shill template and modified it. Only invest what you can lose. +A deadly fungus is threatening the Cavendish banana in Latin America. The Cavendish is a genetic clone that accounts for 95% of all global exports and Columbia has just declared a national emergency as the fungus reaches local plantations. The fungus infects banana plants which are then unable to bear fruit. + +There are usually many clones of fruit and vegetables which are continually introduced but there has been almost no research into bananas until very recently. The Cavendish is in danger of being wiped out. + +Before the Cavendish, the most dominant banana variety was the Gros Michel, but this was wiped out in the 1950s by Panama Disease. + +Researchers are currently working hard to produce a new resistant variety of banana which could replace the Cavendish. + +--- + +I'm still testing the waters of investing, but could this represent a potentially exciting investment opportunity into exporters less reliant on the Cavendish? +January 3rd, the yearly celebration of taking your coins off the exchange to make sure there is no funny business going on, is approaching. + +My advice to you - Withdraw your coins BEFORE that day. + +Just in case your exchange is actually insolvent and do not have enough coins to back up their alleged holdings. + +Don't be last (although someone probably will). + +Happy Proof of Keys day and good luck! + +(My coins are already in my possession, phew) +I do intend to put in $5k at a later point to invest using Wealthsimple, but for now I just wanted to play around with the app and try out a few stocks just to get comfortable and get my feet wet. I still have plenty of research and reading to do, but for now, are there any suggestions people have on where to put my first $100? I'm looking at CA currently. +Hey guys, I’m a recent university graduate and I have approximately 28k left in student loans. I recently got hired and my starting salary is 62k. I don’t have too many expenses at the moment and I was wondering if it would be wise to put $100/month into my TFSA and RRSP while paying aggressively paying off student loans? + +Thank you +I have about $10K to invest and looking for a dividend ETF that is heavily weighted toward financials (banks), telecom, and REITs. I would like to limit my exposure to the energy sector to under 10%. The reason for this is that I feel like a lot of the dividend ETFs out there are overweighted in this sector and that it is facing significant headwinds. + +Are there any single ETF products that fit what I’m looking for? + +I prefer having this in a single ETF in order to keep commission fees down as I am with TD DI. + +Any suggestions? +One of the most helpful lectures on investing I've ever heard, a speech and Q/A session with Peter Lynch in 1994: + +https://youtu.be/72Pq5zKEi\_g?t=530 + +Still relevant as ever, especially right now. + +I know I sure find this helpful right now. Figured some others here might also + +**As for how to not be an idiot:** + +1) For most here, it's to do nothing and change nothing. As Munger puts it: Don't just do something, stand there. That's often the only rational decision when the market reaches peak volatility. + +2) If you're buying, pay close attention to the debt levels on the balance sheet. It's hard to go bankrupt if you have no debt. + +3) If you're buying, as Lynch puts it: There's no rush. You had 10 years to get in on Walmart and still have a 10-bagger. Our current situation with the CV outbreak, oil crashing, etc isn't going to magically reset itself next week. You have time to buy great companies that will grow, long after the fear cycle of CV has wrapped up. + +Now time to go follow my own advice... +Firstly, I'm not a professional but I'm going to try and present the data that shows how Canadian Crypto miners are undervalued. Specifically I will be focusing on HUT and BITF. + +I became very frustrated reading users opinions about these companies while spreading false claims. + +First a starting point because things can change fast. + +BITF market cap 881M CAD with a share price of $6.34 + +HUT market cap 1.18B CAD with a $10.38 share price. + +Now lets start with BITF. There current advertised hash power is 1180Ph. + +[https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs](https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs) + +The hash power is the processing power they use to mine Bitcoins. We can actually take this number and use an online calculator to find how many Bitcoin they currently mine. + +[https://whattomine.com/coins/1-btc-sha-256](https://whattomine.com/coins/1-btc-sha-256) + +We need to input the hash rate. The calculator only takes the number in Giga hash, not Peta hash so we need to add six 0's. 1180000000Gh + +Doing this we can see they are mining 235 BTC a month and at the current value of $57800 USD that is 13.6Million USD in revenue a month. + +We also know that their gross mining costs (cost to mine) is under $7000 USD per coin or 1.645M USD per month as per this release. + +[https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html](https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html) + +So we can take 13.6M and subtract their cost to mine of 1.645M and we can see they are currently bottom line $11.95M per month or 143.4M Earnings per year. But don't forget that is USD. SO that's 179.7M CAD Earnings per year. + +881M / 179.7M = P/E 4.9 + +But remember this is all based on the price of bitcoin. Which if you are bullish on bitcoin, well this would be a leverage play as costs to mine do not climb as fast as price in a previous bull markets and it stands true to date obviously by how lucrative these miners are right now. + +[https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png](https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png) + +But wait there is more. BITF has started a program where they keep the bitcoins they mine so they can sell at a later date when presumably bitcoin is higher in price. They expect to have 500 BTC by March 18th and likely have 250 or more currently as per this release. + +[https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304](https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304) + +Oh also forgot to add the future expansion of 1.8Ehash by the end of the month. They plan to have 3.0Ehash by the end of 2021. + +And now for HUT, which I've ran out of time and will do later. HUT is equally as good of an investment IMO but may even have an edge due to their large BTC holdings of over 3000 BTC which have only gone up in value massively. +I know this seems scummy and looks bad etc but tbh I did work hard this year and even if my bonus isn’t that high(up to 10%) it would still be a bonus. + +From reading my contract as long as termination is after Dec 31st, any bonus I would have received is paid out to me. Interested to hear people’s thoughts. + + +Alternatively, I’d maybe resign anywhere from 15th - 20th. I have a 4 week notice period and have put in leave from 22nd to 9th. + +EDIT: +Thanks guys, general consensus seems to be this is a no brainer and I should definitely time my exit to include my bonus. +I’ve been reading the permanent rez/citizenship requirements for Monaco. + +For residency: + +-Rent a reasonable apartment for a year with you’re applying +-Have 500k-1000k to deposit in a bank + +After ten years you qualify for citizenship. I don’t see any mention of requirements for actually residing there. This sounds too good to be true. Has anyone successfully gotten citizenship or even PR? +I don't understand the hate for selling ITM covered calls. I've seen people say "your shares will get called away" like that's a bad thing. I've even seen people trying to say it's bad because "you could be early assigned due to liquidity" like that doesn't improve your rate of return and give maximum profit at an earlier time. In literally any covered call position, you make maximum profit if the underlying finishes above the strike price, regardless which strike price you set (you make the extrinsic value of the option in all cases). If you sell ITM, you're sacrificing a bit of extrinsic value to reduce downside risk in the position. If you sell OTM, you sacrifice extrinsic value for upside risk (the capital gains of the underlying are not part of the profit from selling the call, which you would have made even if you hadn't sold the call). It all depends on your outlook of the stock and the closer the underlying finishes to your strike, the better you did on the given play. + +Even in a declining market, if you sold covered calls ITM, you could still be making a positive return (You would have crushed SPY in 2018 and 2015 and 2011). Even in 2008 or 2001, if you saw the potential downside risk, you could have made positive returns as long as you sold far enough ITM (though, the returns would be very small as the extrinsic value would be minimal that far ITM). This is not true for selling OTM trying to hold onto your shares. + +The theoretical best possible play on a given underlying, is to figure out where you think the underlying will finish at the expiration date, and sell your call exactly at this strike every time. There is no possible way to earn more on a given play regardless of whether the underlying moves up, down or sideways. Don't marry your stock, at the end of the day it's just another tool for generating income. +Hey folks, + +I am a data scientist and I try to use maths to come up with strategies that can potentially work. Obviously trading is very difficult to automate so most strategies fail. But I came across a strategy last week that seems to have a high probability of success. I ran it on a paper account this week and the results are promising. Wanted to share it with everyone and discuss. Here's a short description of the strategy. + +# Strategy + +Using statistical price projections based on historical data, sell far out of the money CALL/PUT options contracts or spreads because there is a high probability they will never become in the money. + +This might be a lot of jargon, so let me explain with a **Moderna ($MRNA)** example. + +# Moderna Example + +**Price Projections** + +The first thing we need for this strategy is to have some sort of price prediction or price projection to understand the potential limits the price can reach in the next few weeks or months. Unfortunately, price prediction is an extremely hard thing to do in trading. Fortunately, there are some statistical methods out there such as Monte Carlo simulations that can provide you upper or lower limits of the future price with a certain probability. In our case, we will simulate the upper and lower limit of the price with 95% confidence interval i.e. the probability that the price can go out of the range is 5%. + +In theory, this is a clean mathematical tool. However, in practice, that 5% probability is not always 5% - it can be more for volatile stocks. However, I've backtested this on the last three months and this actually works quite well. Let us take a look at $MRNA projections in the next 30 days. + +&#x200B; + +[Moderna Price Projection Limits @ Tradytics.com](https://preview.redd.it/cejf8qa998661.png?width=1613&format=png&auto=webp&s=6a2256efb44f23a04b7d7e90c210f36505cd4e98) + +We can see that the upper limit for the next 30 days is 186 and the lower limit is 142. There's too much volatility these days. **Therefore, it's better to stick with weekly projections, which are 164 and 144.** Now that we have an idea of where the price might stay, we can go ahead and find contracts to sell. I will talk about selling naked calls and puts here. However, that requires a lot of margin and in live settings, I would suggest selling credit spreads. + +These charts are from my own website but I won't post a link here because that'd be promotion. You are free to use any of your own price estimates. You can also manually look at price action and see what's the maximum price range for a stock. For instance, the max price range for a week for $TSLA is about 120 dollars. + +**Contracts Choice** + +You can use any tool of your choice. However, I have my own scanner that I use to find high IV contracts for each stock. For $MRNA, here is what we get. + +[High IV Contracts for MRNA](https://preview.redd.it/r33g9wnca8661.png?width=1636&format=png&auto=webp&s=ca748951d2dc27ea41fcbecaba549eac818890cc) + +Looking at these, I like the 140 PUT for December 24th. However, I want to be safe and since the price is already close to 140, I would actually go further down and look at 120-130 PUTs strikes with weekly expiration - those are going for about 1-2 dollars per contract. Similarly, I can also sell calls above 170 since it falls above the projected range - those are again going for about 1-2 dollars. + +That's the basic idea behind the strategy and if you create spreads or sell calls and analyze them in any options analyzer, you will actually see that all your contracts will have a 95%+ probability of expiring worthless which means you get to keep the premiums. + +# Show me the actual results + +That's the question everyone will have after reading this. Well, I followed this exact strategy last week and sold calls, puts, and spreads on a paper trading account. I was green all 5 days and ended up 2400 dollars in profit (although margin requirements were large since I sold a few naked calls and puts). Again, in reality, only credit spreads should be sold since those are safer. + +[Profits from last week \(2,507\). All weekly sold contracts have expired worthless. Please ignore $PLTR since that was a debit spread.](https://preview.redd.it/182d16lkc8661.png?width=1821&format=png&auto=webp&s=2542d379a5726b0ab2ab2b9d29b71f38c8b5a6ad) + +# But the loss would be very high if we fail + +Yes, but we again need some maths here. Let's stay there's a 95% probability that you'll profit from selling a spread and you max profit can be $100. Your max loss can potentially be about $1000 which seems so high. If you do the maths and calculate the average profits that you will get if you follow the strategy a hundred times, the profits come out to be 50 dollars per trade - **(0.95\*100 - 0.05\*1000).** You can also always close the contract if it's not working. + +&#x200B; + +That's it folks. Wanted to keep this short. Thoughts? +I don't understand the hate for selling ITM covered calls. I've seen people say "your shares will get called away" like that's a bad thing. I've even seen people trying to say it's bad because "you could be early assigned due to liquidity" like that doesn't improve your rate of return and give maximum profit at an earlier time. In literally any covered call position, you make maximum profit if the underlying finishes above the strike price, regardless which strike price you set (you make the extrinsic value of the option in all cases). If you sell ITM, you're sacrificing a bit of extrinsic value to reduce downside risk in the position. If you sell OTM, you sacrifice extrinsic value for upside risk (the capital gains of the underlying are not part of the profit from selling the call, which you would have made even if you hadn't sold the call). It all depends on your outlook of the stock and the closer the underlying finishes to your strike, the better you did on the given play. + +Even in a declining market, if you sold covered calls ITM, you could still be making a positive return (You would have crushed SPY in 2018 and 2015 and 2011). Even in 2008 or 2001, if you saw the potential downside risk, you could have made positive returns as long as you sold far enough ITM (though, the returns would be very small as the extrinsic value would be minimal that far ITM). This is not true for selling OTM trying to hold onto your shares. + +The theoretical best possible play on a given underlying, is to figure out where you think the underlying will finish at the expiration date, and sell your call exactly at this strike every time. There is no possible way to earn more on a given play regardless of whether the underlying moves up, down or sideways. Don't marry your stock, at the end of the day it's just another tool for generating income. +So we are in the fat category, but we have a 2 year old without any help nearby. So we are pretty much still working full day everyday 6:30am - 9pm. We have hired nanny before, but due to my son’s ASD we are no longer doing that. Sometimes, I just wonder what the heck are we using being Fat for, when we are so exhausted, still taking out dishes every morning sleep deprived, vacuuming after food on the floor, etc. This was not how I imagined life to be, and being not feeling comfortable to travel with him in this pandemic time who has special needs is also wearing us out. I miss our old life where we used to sit for a fancy meal for 4 hours and not worry about a thing! (I know we have a lot to be grateful for, so I’m sorry if I’m coming off sounding negative). + +I’m just looking for some other ideas where we can feel like we are treating ourselves or pampering ourselves while we are still locked down with a toddler who can’t get vaccinated and also have special needs. We already do a bunch of delivery and takeout food. I was thinking I can buy something nice, but honestly I feel what’s the point since we don’t go out or see anyone right now. I was just wondering if anyone has any other ideas on how to put our money to use to feel a little better and less tiring. +Hi all, european entrepreneur here. I am not exactly super fat (NW or around 2M, that will increase likely to 5-7M within the next few months) but well positioned as I am currently in Italy. Now… there is a non-zero chance that Europe will get deeper and deeper into war with Ukraine spiraling out of control. My question is: what’s your plan? Do you have any recommendation? When to pull the trigger and move elsewhere so that family is unaffected? Are you thinking as well about this? Am I exaggerating? + +Thanks + +Edit: I'm not worried about "war" by itself, and this is not a hysterical reaction out of fear. I just think that this situation will drag on for a LONG time, will push the economy down the drain, cause social unrest, and so on. As someone outlined in the comments, when it will be obvious to GTFO, it will be too late - this is why I want to plan for it and use my almost-fat situation to plan and see what others in my position are doing. +From [The Guardian] (https://www.theguardian.com/business/2022/jun/22/uk-inflation-rises-to-91-its-highest-rate-in-40-years): + +> UK inflation has risen further to 9.1%, the highest rate in 40 years amid the cost of living crisis. + +> The figures from the Office for National Statistics showed an increase in May from 9% in April as measured by the consumer price index, as petrol prices and the cost of a weekly shop puts pressure on households across the country. + +> Last week the Bank of England warned inflation was on track to reach 11% later this year amid soaring gas and electricity prices. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Background: Wife and I have had a good few years financially and are about to start branching out from early life frugality. We're not big fans of luxury goods but we do like anything that allows us to spend more time with our kids (2 and 3 with one on the way) and each other. I'm full time employed and she raises the kids. TNW ~8mm in ETFs/bond funds, ~20mm in highly illiquid startup equity/IP, income 340k/yr, house paid off and 529's loaded. + +For those that have tried the following, can you please give opinions (including if they're worth it and if so best way to go about getting these things/services): + + +- A cleaner to come once per week to do the unpleasant/deep cleaning like showers, garage etc. + + +- Yard service/landscaping to come maybe once a month? to help with the outlying parts of our property. We enjoy taking care of the stuff right around the house but the far reaches don't get much attention and it shows. + + +- Au pair/live in babysitter/helper; I had originally planned to decrease my employed job and do mostly this, but one of the startups I mentor has really taken off and they're a very high quality group of people working on an important, under served medical need. I'm going to transition my free time mostly to them (which will be more "fun" for me) and I want my wife to get that same feeling of more freedom/less obligation. + + +- Subscription/specialty cooked food 2-5 days a week. There are a few services/chefs that offer this in my area and, while my wife is an excellent cook, she also enjoys getting take out and always comments about how nice it is to not have to think about dinner when we get it. She's a bit of a health freak and always feels guilty about high cal/fat food (for the record I don't at all) and maybe this way we could get healthy meals with the same convenience? + + +Anything else that you have tried that would make the life of a homemaker/homebodies better while not fully outsourcing childcare/home maintenance etc? +You’re a genius. The filters were less than a $1, country USA, MA5 crosses over MA20, avg volume over 500k and float under 20m. + +Found two winners - TENX and DMPI doing it and netted 1k. + +Fairly certain this was about 2 weeks ago as well. + +I love you, + +Random redditor +I'm a custom woodworker, and I've outgrown my shop. I've been looking for the perfect piece of land so that I can build my dream shop on it....3000sf down for the shop, and 2000sf upper story for me to live. + +I found it! The perfect piece of land! On the side of a mountain, not too far from where I currently live, 7 acres of hardwood forest that I'd use to build out the shop. Yay!!!! I"M SO EXSCITED I CANT STAND IT!!!! + +I don't have the money to buy the acreage outright, so I go to my local bank and am trying to get a loan. The rules are very different for buying raw land. 80% loan to value. If you want to get a building loan, they require that you use a list of approved general contractors, and then they pay them as work progresses. + +I just want the land now, and I'll build later. I just hope I don't get caught in a bidding war, as they only loan to the offering amount. + +What are my options, any advice from the Esteemed Assembly? + +&#x200B; + +UPDATE: I checked with the county building inspectors, I could build on it. I call my realtor with the good news and he tells me that someone came in with a cash offer less than 24 hours after the property was listed. well darn it! + +I relayed this info to the bank, and they suggested getting a Line of Credit type of loan. So that's what I'm going to do. +Let's say I sell my home to a family member and finance the mortgage to the buyer. Are there easy ways to sell this mortgage note to a bank or some other type of lender? +First a little background. Wife and I closed on our first rental, a 4BR townhouse, in Oct. Renter is in, all good. We are actively looking for a second, similar property. Both nearby. + +I work full time, the wife has a great part time consulting gig and no plans to change any of that. We are doing the REI thing for diversification and for retirement income, etc. But of course we are mindful of positive cashflow in the short term as well. + +To the question ... for our third investment, we are really liking the idea of a vacation rental, but probably one that's a few hours drive from home. Probably a single family property, waterfront or water access on the Chesapeake Bay perhaps. For us, this would be a 3 or 4 hour drive depending on exact location. Anyone have experience and tips for how best to manage something like this remotely? + +I seem to recall hearing that you can often hire a local, to help with marketing and cleaning for a cut, but maybe I'm making that up. +Hi all - + +With CPI week in view, now feels like a good time for a follow-up post to my original "How to hedge against inflation Michael Burry style" installment that I posted on [r/CanadianInvestor](https://www.reddit.com/r/CanadianInvestor) back in May. + +At that point, we were all waiting with interest to see how Burry would approach inflation from the investment perspective. People found the research that I documented in Part 1 useful so I thought I'd make a Part 2 that details his newer inflation plays from his Q2 2021 portfolio (a number of which are value investing plays). This time around there's an actual Canadian company in the mix! + +By my estimate, 28.4% of Scion's Q2 2021 portfolio is currently hedging against inflation. For the sake of transparency on how I got those estimates, I've posted the numbers [here](https://www.reddit.com/r/Burryology/comments/pkxr5s/michael_burry_scion_asset_management_q2_2021/). For those interested, I do a weekly post on like the one I just linked on [r/Burryology](https://www.reddit.com/r/Burryology) with the goal of keeping folks up-to-date on which of Scion's recent stocks are trading at or below their Q2 lowest price (i.e., stocks you could invest in now and be guaranteed to get in at a better price than Burry did). *Many* of these stocks are value plays.On the inflation front, here's my breakdown: + +# US 20+ year Treasury ETFs (7.6% of Scion's Q2 2021 portfolio) + +Burry's treasury instrument of choice is the 20+ year bond. This is a direct play on inflation where he's essentially concluding that the Fed will eventually need to raise interest rates which will lead to an increase in bond yields thereby causing their prices to fall. TLT is tied to the bond price itself. TBT is tied to the inverse of the yield (so when the yield falls, TBT goes up 2x that rate (in theory)).He has positions in both TLT and TBT (see below for descriptions). It should be noted that both of these positions first appeared in Scion's 13F in Q1 2021. It should also be noted that he reduced his TBT position and increased his TLT position in Q2 2021. His TLT position is the third largest position in his Q2 2021 portfolio (which, in my opinion, says something about which ETF he prefers). + +**Put Options on** [Ishares 20+ year treasury bond etf (TLT)](https://investopedia.com/articles/investing/031915/overview-tlt-etf.asp) **- 7.2% of current holdings** + +Probable Burry thesis: rising inflation over the mid- to long-term will lead to the need to increase interest rates, leading to increased yields and making these 20 year bonds less attractive. + +Some context: The U.S. Treasury announced plans to start issuing 20-year treasury bonds in January 2020. The benefits to 20 year treasury bonds are that they're relatively safe, their value could increase if interest rates drop, and they're relatively liquid. The cons are that they're over a 20 year period (meaning you lock in very low interest rates at which you get paid), inflation may occur over that 20 year period and lead to an increase in interest rates that you'll miss out on, and rising interest rates in general hurt the value of these bonds. + +**Call Options on** [Proshares trust ultrashort lehment 20+ year treas etf (TBT)](https://www.zacks.com/funds/etf/TBT/profile) **- 0.4% of holdings** + +Probable Burry thesis: this is the same 20+ year treasury bond mentioned above so the strategy is likely the same. The difference here is that it's a call on a 2x inverse bond ETF. + +Context: The ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. (from Zacks article linked above). + +# Energy, Commodities, and Transport (11% of current holdings) + +Commodities are a fairly traditional inflation play. This [article](https://www.investopedia.com/articles/investing/020816/importance-commodity-pricing-understanding-inflation.asp) on investopedia gets into some of the details regarding the relationship between commodities and inflation. The challenge with each of these companies is determining whether the company is an explicit hedge against inflation or whether it’s a value investing play. + +[Ovintiv Inc.](https://www.prnewswire.com/news-releases/ovintiv-reports-second-quarter-2021-financial-and-operating-results-301342593.html) **(Pan Canadian Energy - Encana Corp.) (OVV) - 4.06% of current holdings** + +This is the 6th largest Scion position and the 2nd largest shares-only position (i.e., no options contracts). + +Probable Thesis: First, it's an oil & gas company (meaning the commodities checkbox is checked on this one). Second, it's arguably a riskier investment at the moment. They have very little cash on the balance sheet (enough for 1 day of operations). They are currently redirecting their cash flow towards paying down long-term debt which in itself is another positive for inflationary times (one group that does particularly well during inflation is debtors as the debt inflates itself away). + +**Scorpio Tankers** **(STNG), SunCoke Energy (SXC), and** **Golden Ocean Group Limited** **(GOGL) - 2.9%, 2.4%, and 1.7%** + +I grouped these positions together as they each clock in below 3% of the overall portfolio. Each of these was also an existing position that Burry added to in Q2 2021. + +***Scorpio Tankers and Golden Ocean Group*** + +These two are likely plays on ocean freight/transport inflation. Scorpio is tied to oil transport and is a proxy play on any boost to oil demand that occurs at the global level. Golden Ocean Group looks similar but tied specifically to dry bulk goods. + +***SunCoke Energy*** + +This is the one that I'm leaning more towards "value investing play" and less towards inflation (but I could be wrong). The arguments in favor of it being an inflation play are that it’s a commodity company (coal), it just recently started paying a dividend, and its been working towards deleveraging (at least that was the case earlier in the year). These are themes that you'll see in other investments such as CVS Health below. + +# Revenue Mammoths (9.8% of current holdings) + +The final group of companies are the revenue mammoths. They hail from the retail, grocery, and pharmacy sectors. All four of these organizations are in the top 31 companies in the world by revenue. They have some combination of pharmaceutical distribution and retail/grocery. They offer dividends with two of them being dividend aristocrats. + +**CVS Health (Call Options and Shares) - 4.7% of portfolio** + +Interestingly, CVS Health is the only stock where Burry is currently holding both shares and call options. They are the [7th largest company in the world by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue) (hence the revenue mammoth term). The characteristics that make CVS an interesting potential inflation play are: + +* They have a large pharmaceutical distribution presence +* They have a large health insurance segment +* They have a sizeable retail store segment +* They froze their dividend in 2018 to pay down debt related to their Aetna acquisition + +What makes these intriguing characteristics from the inflation perspective? + +Healthcare and pharmaceuticals have consistently beaten inflation over the past several decades. Pharmaceutical drugs continue to trend up. CVS owns a pharmacy benefits manager which, as a business, is incentivized through proportional rebates to push pricier drugs where they can. + +From the retail perspective, their "front" stores are essentially baskets of goods which can pass on the costs of inflation to the consumer. + +Lastly, the most intriguing reason (in my opinion) is their current strategy to pay down long-term debt. Their stock price is arguably depressed due to the massive $69 billion acquisition of Aetna they made in 2018. They had been increasing dividends every year for almost 2 decades before this acquisition, at which point they froze the dividend and put the money towards their debt. They estimate that they'll hit their debt-to-capitalization ratio in Spring of next year (I personally think it will be summer or fall of next year). At that point, it is anticipated that they will resume dividend hikes and share buybacks as they've done historically. + +With CVS, you have a potential case where the 7th largest company in the world by revenue is undervalued due to a large amount of debt that they are slowly and steadily paying off in an advantageous inflationary environment with a predicted return to hiking their dividends in 2022 (and they appear to be largely inflation-proof). + +**The Opioid Twins: McKesson Corp. and Cardinal Health (Call Options only) - 2.9% of portfolio** + +Two more pharmaceutical revenue mammoths: McKesson clocks in at #12 on the largest companies by revenue list and is the largest pharmaceutical distributor in the United States. They also own a chain of 4000 pharmacy stores. Cardinal Health clocks in at 14th by revenue and is in the top 5 largest pharmaceutical distributors with McKesson. Both offer similar inflation characteristics to the ones listed for CVS Health with the difference being that CVS owns a health insurance plan on top of their pharmacy retail/PBM businesses. + +Another key difference between CVS Health and the duo of McKesson and Cardinal is that McKesson and Cardinal Health were penalized in July of 2021 for their role in the Opioid crisis. Cardinal Health [expects to pay $6.4 billion over 18 years](https://www.dispatch.com/story/business/2021/07/22/cardinal-health-pay-6-4-billion-part-opioid-settlement/8053626002/) for its share of a $26 billion opioid settlement. It's possible that this legislation is currently a drag on these two stocks. + +**Walmart (Call Options only) - 1% of portfolio** + +Walmart is an interesting case because, at first glance, it appears to make more sense as an inflation play than the rest of this mammoth revenue group. Walmart is the largest company on Earth by yearly revenue. They have a strong pharmaceutical presence like the other companies in this category though over half of their revenue is actually from their grocery segment. + +What makes them an interesting inflation play is that their stores are literally giant baskets of goods. They have a large breadth of products which allows them to keep the prices of various product categories lower than their competitors. They also own the basket that the goods live in (along with the land around the basket). Real Estate is a well-known inflation hedge. + +Thanks for reading. +So i’ve just inherited a large sum and I was wondering if I should just invest it all now or invest it in small sums periodically. + +Thanks in advance for your advices. +So I’ve just started daytrading and I’ve netted some gains, I’m just curious as to how often you should be taking profit and if there’s a reason for it I.e. tax purposes? Do you withdraw every month, or do you withdraw once it reaches a number? +If this is a stupid question, feel free to light me up, but please drop an answer too. + +If VOO is amongst the elite etfs, what’s the difference between owning VOO, vs owning the individual shares outright? I know there’s like 505 shares, but wouldn’t there be a better dividend and equal growth in holding individual shares in a mirrored proportion to VOO? + +I guess this question could be asked in regards to any etf really, but VOO doesn’t have much turnover, and it’s the etf I have my eyes set on. Is potential turnover the only difference? What am I missing here? + +Just seems like you could cut the expense ratio (small is it may be), increase the dividend per the holdings, and mirror S&P growth since you’d be owning the same components as VOO…? + +I appreciate the input. +Hello friends, + +I am new to this subreddit and wanted to get opinions on what account is best (or if I should use both) for dividend investing and creating some secondary income. I understand there are tax benefits to the IRA, but I wouldn't mind some extra income before I retire. Suggestions on what to buy is also welcome! + +Some background (not sure if this is necessary): I use Fidelity, I am in my early 20's and I will have a good amount of disposable income through work after graduation. + +Thank you all in advance! +When the stock market has a big crash, it's often set back YEARS. In the 2008 stock market crash, the S&P 500 went back to the value it had 10 YEARS ago. + +Crypto has been set back 23 days. + +An equivalent 23-day setback on the stock market would mean a drop of about 3%. Can you imagine the news freaking out about a 3% drop? + +I see nothing to worry about, just normal fluctuations in a healthy (but volatile) market. I bet in a few months the market cap will be back to where it was. What can be done and undone in 23 days can be redone again in 23 days. There's too much overall momentum toward cryptos, even if a 23-day bubble is popping. It's not a 10-year bubble. This is the thing people have to realize. + +Let's imagine, even if (worst case) the whole crypto market cut in half _again_ on top of where we are now, we'd only be set back to late November, about 50 days ago. Internet money is simply useful, and that's not going to change. And we're clearly still at the front(ish) end of the mass adoption curve. These two things are the bedrock of the investment in to cryptocurrencies, and those things haven't changed. + +If you were to panic sell now, I'm guessing in about a couple months you will be regretting it. Almost certainly in a few years you will be regretting it. Imagine cryptos going up another 1000% (which it has, more than once over the years) and you sold because you got cold feet after a 20% movement. A 23-day bubble is not worth being emotional about if you're a long-term investor, which is generally the smartest and lowest-risk way to invest. + +Plus we have no way of knowing how much of this is just one whale getting in and out of the market to create profitable price swings. That can (and probably will) happen again. + +The ocean isn't draining because we're at the low point of a big wave. There will be other waves, and other high points. It's just a matter of patience. As long as the two bedrock principles of why to invest in crypto are still in place (people want internet money, and we are in early adoption phase) I see no reason to sell. +What's going on fellow diamond-handed, tendie-hungry apes? I'm here to give you all some confirmation bias about where I think GME is headed based on some technical analysis. I'd like to remind you also that we just had a very good week and things are starting to get juicy as we're approaching levels we haven't seen since January and March. + +In this post, we'll be highlighting two main things: **the FTD cycle** visualized and **common behaviors/patterns** stock like to follow + +If you don't know much about the [FTD cycle](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/) somehow at this point, read up on it from u/HomeDepotHank69 and come back here. + +So let's begin! + +**I. The Bigger Picture** + +[Here's a look at the daily GME chart since the beginning of 2021](https://preview.redd.it/8e31gzp7ig371.png?width=1777&format=png&auto=webp&s=52d03ce4f6fa8d44edb6f39536048330175d911b) + +As you can see here, where GME is currently at now, we are about at 50% of the intraday all-time high (ATH) of 483 back in January. The last two weeks including a back-to-back T+35 day and T+21 day have given us enough momentum to hover around the 250s with some pretty solid support around 245 although we went as high as 294 on 6/2. + +[This is the same time frame, just with premarket \(PM\) and after-hours \(AH\) trading included in the graph. Each candle is 4 hours of trading as opposed to 1 day of trading in the previous chart](https://preview.redd.it/llizn0zwkg371.png?width=1776&format=png&auto=webp&s=1be4d06f1fb1c419e035794415c6e360b95af142) + +Here we can see that GME's real ATH was at 513.12 in the premarket during the end of January. This chart is included so you get an idea of how our favorite stock has been trading during the year. + +Now that you're familiar with GME and the chart, we can move on to the next part. + +**II. The FTD Cycle** + +This is a theory we have developed a while ago that seems to have been proven true many times. So far the accuracy is 100% and there's plenty of data to back this up. When it comes to investing/trading for me, I make decisions based on cold, hard facts and data and I fully believe in this concept of a FTD cycle as it makes perfect sense. + +Like I stated before, there are endless posts on this, much more in depth than this explanation, but basically we see a spike in share price every 21 trading days. This is known as T+21 as it includes the settlement period for a day (T) and the 21 days that follow before the next failure to deliver day (+21). Basically (some) of the shares that were borrowed and failed to be delivered in a certain period of time causes a price increase as MM/brokers have to buy shares on the open market, and therefor we see an increase in the stock price. + +[Daily chart with highlighted FTD days in white](https://preview.redd.it/zdwoqyu1xj371.png?width=1789&format=png&auto=webp&s=4a0ad83663864f058700398866d87d9a17960d1f) + +Many apes have pointed out that this week has been different than the others. As you can see, after the first two T+21 FTD cycles, we saw a big run-up in the stock price both times. On January 25th GME gapped up in the premarket and went as high as 160 before closing back around 75. The next few days a massive gamma squeeze began and the stock went as high as 483 during regular trading hours. Keep in mind that a week prior to that FTD day, GME was trading in a range between 30-45. + +The next FTD day was 21 trading days after on February 24th, where the price doubled from 45 at open to 91 at close and tested 200 in the after hours. The next day GME sold off quite a bit, but it trended up for the next few weeks and then went as high as 348.5 in the next few trading sessions. + +These two dates (January 25 & February 24) were big moves up and really solidified that the game was not stopped and that the hedgies were really in this thing and fighting to keep it down. It showed them that they had to be prepared for the next FTD days because this wouldn't be as easy as they first thought. + +Because of this, they did their best to keep the next FTD cycles under control. Let's take a look at the next two FTD days, March 25th, and April 26th and see how the stock traded after the run-ups. + +[The white circles highlight the price action of the FTD days](https://preview.redd.it/5uvpibsmsp371.png?width=1762&format=png&auto=webp&s=2a460765da502765d89467de9bda5cddf5dd8a2d) + +Observe **Figure 1** with the white arrow on the left. This was the day GameStop released Q4 earnings for 2020 along with the wrap-up for the fiscal 2020 year. It was a completely normal call and nothing was incredibly noteworthy on the negative side. However, they did mention a huge increase in ecommerce sales and a shifted company focus to the transition to a mainly ecommerce brand. At this point, they had eliminated most of the debt on the balance sheets by paying off a note and things were looking very bullish for GameStop. + +But what do you think the hedgies did? + +That's right, they shorted it hard and GME closed down 33% the next day. At the time we just assumed that they wanted to make shareholders think the earning call was overwhelmingly negative and that people were actually selling as opposed to more short positions being opened. But looking back at it, I don't think that was quite the case. + +*The shorts knew that the next day was a failure to deliver day and had no choice but to drop the stock as low as they could before a huge day of buying pressure.* This makes so much more sense looking back at it because the next day, **GME closed up 52%**, a miraculous comeback from the previous day's dip. + +The shorts couldn't let this momentum continue, so for the next few weeks and until the next FTD day, we see a sustained selloff and downtrend in **Figure 2.** + +By the next FTD day 21 days later, GME steadily increases and closes the day up around 12%, not bad. However, the hedgies once again kill the upwards move and momentum by shorting our beloved stock more and more. **Figure 3** shows the familiar sustained selloff to keep the HFs further away from margin call territory. Things keep trending down and sideways as volume decreases significantly, but then the next FTD day comes, and boy is it a beauty. + +[The circle highlights the most recent FTD day and the white lines \(I know, rare white crayon\) show that we're in an ascending channel](https://preview.redd.it/93dmbpshuk371.png?width=1783&format=png&auto=webp&s=9b77377dad23a7fcfe0731bb0348592d8dc8143d) + +This breakout is different than the others. We didn't see a big dip the day before like we saw before earnings on 3/23, or a steady selloff prior to the previous FTD day on 4/26. Instead, this time GME was steadily trending up since around 5/10. This is huge since the last few FTD days with double digit percent gains (52% and 12% respectively) have been followed by downtrends and dips to keep the price down and the odds of a sudden upwards reversal low. + +The last 7 trading days have been a solid uptrend, which is very different than the following 7 days of the last few FTD days. If this trend continues the way the first two big FTD cycles did back in January and February, we may see a big move upward soon in the next 3-5 trading days. + +Now that you're all caught up with the FTD cycles and the current trend of our favorite stock, let's move on to the juicy part. + +**III. Common Stock Behaviors & Patterns** + +After watching a stock or multiple stocks for a while, you get familiar with certain patterns and tendencies that just keep happening. Although GME is heavily manipulated with all of the aggressive and illegal naked shorting going on, it still conforms to many patterns that stocks tend to follow. One thing to keep in mind with a stock and looking at its chart is that the chart is essentially telling a story of where the stock has traded in the past. + +People buy and sell stocks and there are always people who think it is going up and there are always people who think it is going down. This creates a market and this is how prices move, using the most smooth-brained explanation. There are individual investors (retail traders) and institutional investors (hedge funds, money managers, market makers, etc.) who have either gone long or short at any point in time and at any price. This means people have seen the stock and been involved with it at all different price points, whether high or low. So when someone says something like "the stock wants to go up," or "it looks like it wants to drop," it really means that the people behind it want to make it move a certain way in their favorable direction. + +Keeping this in mind, GME wants to go up for a few reasons. Stocks like to make highs, have healthy pullbacks/dips and recover to test those highs and potentially break through and create new highs, which we call a "breakout." When you think about it, it just makes sense. Some retailers and institutional investors have seen the price at $XXX before and want to see it get there again or possibly further. + +For long-term price action, there are two common scenarios: + +**Scenario 1 -** The price tests the a certain level (most likely a previous all-time high), and either gets rejected and drops, only to test it another day, or it breaks through and creates a new high and the process repeats itself. This tends to happen with healthier companies with potential and attention of retailers and institutions. + +**Scenario 2 -** The same situation but flipped occurs as well for stocks that make new lows. Investors who see a stock is worth less than the market values it help drive down the price and bring it lower to where they'd like to see it. This tends to happen to weaker, older companies that are forgotten about or nearly obscure and have flawed business models/markets. + +However, if you're a publicly traded company and have any possibility of future growth in your industry, odds are that the first scenario mentioned happens with new highs being established and tested. Unless your company is at risk of going out of business, being delisted from an exchange where it is publicly traded, or part of a failing industry, would it make sense for scenario 2 to be a possibility for new lows to be established and tested. + +GME was in scenario 2, not too long ago, *or at least it was thought to be*, by the hedge funds who shorted the hell out of it for years. As we all know now, they were very wrong as GameStop belongs in scenario 1 as it is an essential part in the very explosively growing gaming industry with lots of potential to corner the market. + +So now that we know GME is in scenario 1, what does that mean for the stock? Glad you asked. People invested in companies that have future potential want to see it succeed and if there's not many reasons it could fail, it only makes sense to trend upwards (in the bigger picture). All of this is considered very bullish, even without accounting for a MOASS, massive unclosed naked short positions, and heavy market manipulation. This stock wants to go up and test its highs as it is obvious now to the entire world that GameStop is not on its last leg. + +There is evidence of this in the charts as well. As I stated before, stocks like to make highs and test them. The higher the price and greater the pull-back, the longer it may take to test those highs. Short-term highs are created and tested constantly in many stocks, but we're zooming out a bit this time to get a better look. Long term highs like to be tested and we have seen this a few times throughout the last six months on GME. + +**Take a look at this chart and get familiar with these important levels** + +[I included notes on this chart, but will be doing a breakdown for all of these levels](https://preview.redd.it/q8svsestyp371.png?width=1776&format=png&auto=webp&s=66ca0a69bc2e81fdd3c4b037a003ad941d076642) + +**Let's break it down for you from left to right** + +We see that January's highs around 480-520 are the highest levels we could be testing soon. It doesn't seem likely that we get rejected at these levels, so once we breakout from there, who knows where the price could end up. This is the almighty long-term resistance GME faces. As stated earler, this is the highest price, so it is expected to take the most time to test. + +Next up we have the second battle of 200. In February, GME spiked in the last hour of trading (power hour) and went as high as 200 in the after hours before coming back down the 160s at the end of after-hours trading. This was a very important day because it showed us that the game wasn't over yet. For the next few days, GME stayed below 200, but that level was kept in mind. It wanted to be tested since it was GME's newest short-term high. Sure enough, only several days later, GME broke through 200 and closed above it. + +The uptrend continued in March to the point where it started testing levels not seen since January. It broke past 250 and 300 and went as high as 348.50, just before coming crashing down as hedgies dropped the price 50% in half an hour to 172. We now have a resistance level at 348.50 that is likely to be tested again sometime soon. + +After that big drop, GME continued to "sell-off" for a few weeks and established a new low between 116-120 after GME's Q4 earnings report. This level is yet to be tested, but isn't likely to any time soon. This gave us apes a pretty good idea where a strong support was and where we could expect heavy buying pressure in case of another dip. + +The next several weeks have heavy consolidation while GME trades in a range between 135 and 200. However, we are currently in an uptrend as we broke out to the upside of the range and passed the 200 level (remember the 200 resistance from February?). A new short-term high of 294 was established on 6/2 and is likely to be tested soon given the current momentum of GME. + +**Now that we know all the data, FTD cycle information, and key areas, what is the take away?** + +This is my equivalent of a TL:DR as I try to summarize everything you learned today. GameStop stock is on a current uptrend and takes a similar trajectory to January and February run-ups, which is very promising. The FTD cycles have helped ignite the spark and give GME the momentum it needs to break and hold key levels like 200 and 250, which were just tested recently. The next key areas/short term highs we are looking to test next include 294-300 and 348.5-350. If we can successfully break through those shorter-term highs, then the real all time highs are on the menu. It is very possible that we can test areas between 480-520 in the next few trading days or weeks, depending on what happens at the annual shareholder meeting and the price action we see this week. Things are starting to line up for us, and I'm personally jacked to the tits for this week. Stay strong and hold the line, fellow apes, we're so close, I can feel it. +Hey guys, + +Very inexperienced in this situation so i would appreciate any and all help. + +Long story short, dropped my car off at parking garage, valet took the car, i get the car back with pretty decent size gouge in driver side door. I was lucky enough to spot it before i left and informed the manager, who confirmed with the help of some cameras that the gouge was in fact not there prior to my arrival. They accepted 100% of fault and their insurance called me today to tell me the good news that they would cover it, yay! + +The part i need help with, they are having me bring it to one of their locations to have it appraised. Then, they say i can bring it anywhere to have fixed. What i am worrying about is, what if they low ball me and it costs more to get it fixed? Can i go back to them afterwards and ask for more? Do i need to accept the first offer they make or can i counter? Anything I should know before i head in there? +This is only a random thought, but I'd appreciate if someone can shed some light on this regard. + +Vanguard and Blackrock control 6.56 and 6.01% of AAPL through ETFs/Mutual Funds. I presume they can exert a good degree of influence over Tim Cook and draft proposals for meetings. But what about Berkshire, controlling only 2.50%? Or the Bank of New York Mellon Corporation, with a measly 1.02%? +[they have been reading this trilogy ](https://pbs.twimg.com/media/EvHyzroWgAAqQxY.jpg) + + +The hedges know when we are hyped, and they always see our hype as an opportunity to punch us in the face and make us bored when nothing happens.. + +Well... it seems like everything this past few days it’s good news, DFV quadruple down, after-hours 4% rise, bunch of Banks selling Bonds, crypto market crash, Shitadel working late in the A.M ... + +All the good news hype a lot of people up, including myself, the issue here is people often paper hand exactly when someone kill’s their hype, well you’re reading this as an OG and thinking “ If it’s a red week after good news it’s the hedges trying to make the stock look bad, lets keep holding strong” + +BUT..... + +If you’re a newbie maybe you get scared and panic after the stock goes down to red after all the good news...Let me tell you, they know when we are happy, they will purposely try to kill our happiness and try everything to make the Stock look bad ⚠️. + +But the stock is just fine... if it goes red this week just keep holding, eventually they will get margin called and the squeeze will eventually happen!!! + +Until then, live your life, forget a bit about the stock, buy the dip and treat yourself, keep sane, with a good mental health and clean lifestyle, it helps you stay calm and make the right decisions!! + +REMEMBER TO STAY STRONG AND HOLD UNTIL WE REACH THE MOON 🚀🚀🚀🚀 + +TL;DR - If it’s a red week don’t paper hand they know when we are happy and hyped and don’t like that! + +Edit: added crypto market crash as good news +Franklin released a press statement today for the write-off they did last week. It says a segregated portfolio will be created which will act as a sub fund. But this will happen only for the existing investors. What confuses me is this got approved on 24th of Jan while write off was done in 16th of Jan. What will happen for the people who invested between this duration? And how will people track this sub fund. Will it be available as a new closed ended fund? +Not a professional. Still learning all about the industry. Do correct me if required. +[Statement Link:](https://www.franklintempletonindia.com/downloadsServlet/pdf/media-statement-segregation-of-portfolio-january-25-2020-k5teijr2) +I understand how arbitrage works. I am wondering that in what conditions these opportunities exist. +I also read everywhere that as the futures contract will come to expiry, the value of stock in cash market and futures market will tend to be nearly equal. Once this happens, no more arbitrage opportunities should exist since value in cash market and futures market is same. What happens when these opportunities no longer exist +With the RBI slapping restrictions on PMC Bank, other cooperative banks are [on the radar](https://economictimes.indiatimes.com/img/71285921/Master.jpg) as well. Among several reasons, the bank's NPAs doubling from 1.99% to 3.76% was one of them. + +What are the odds Yes Bank makes this list? Moody [suspects](https://economictimes.indiatimes.com/markets/stocks/news/moodys-pegs-yes-banks-total-npas-at-8-warns-of-longer-pain/articleshow/69118825.cms?from=mdr) NPAs of 8% for Yes Bank. + +Are private banks susceptible to such regulatory action as well? +I have no income but last year I filled ITR 1 and put a combined sum of S & L TCG (around 10k) in income from other sources. My 26as showed nothing except bank interest. +Do I have to fill ITR 2 now to show and pay taxes for capital gains even though I have no income? +26as of this year still shows nothing but bank interest and dividend amounts. +Now that the decks are cleared, will this be a long term bet? Key concerns - +1. Non-expanding indian middle class +2. UPI & digital payments as payment alternative +3. Affinity of Indians to cash +4. Better short term credit alternatives. + +Anything else? + https://www.livemint.com/market/ipo/sbi-cards-9-000-crore-ipo-set-for-early-march-launch-11581956522521.html +**EDIT: I'm aware that this is a much discussed topic. I believe Morningstar's commentary tackles the broader question of not just getting out of China but also dissects the investment sensibility of being involved at all in autocratically-controlled markets. Thanks to** u/J0eBidensSunglasses **for pointing me to this article.** + +From [Morningstar.com](https://www.morningstar.com/articles/1083334/autocracy-is-a-bad-investment): + +>Sure, investors might make money for a while, but in the end, all that matters are the rules set by the person running the country. And often that means they are setting the rules to maintain power, enrich themselves and their cronies, or both. +> +>It was one thing to miss the risks of investing in Russia. It's a country where most diversified investors have only a [small percentage](https://www.morningstar.com/articles/1082249) of their portfolio. It's a different story for a country like China. Many mutual funds and stocks have hefty direct or indirect exposure to the country, and observers who had warned about Russia are encouraging investors to ask similar questions about China. + +Further, famed fund manager Bill Browder opines: + +>Rule of law should be a primary consideration for investors, says Bill Browder, the famed hedge fund manager who made his fortune in Russia, only to be deported after run-ins with oligarchs and whose Russian lawyer was arrested in Moscow, mistreated by authorities, and died in a prison. +> +>"You can do all the analysis you want on an industry, on the economics, on the management team, and then all of a sudden somebody comes along and rips you off, and you don't have any recourse in the courts, you don't have recourse in the media … and generally if they're not rule-of-law countries, you have no recourse with the regulators," he says. "It's flying by the seat of your pants, hoping you're in the good graces of whoever is in charge." + +Having come from that side of the world, I've always been wary of markets like China and Russia for exactly the reasons that Morningstar lays out. When asked, my answer is always the same: Do you understand the accounting rules of that country? Do you understand the business dynamics and customs of that country—i.e. if lying and bribery are commonplace, what does that mean for your fundamental analysis? Still, as Browder points out, you can be an expert on these things and still get whacked by one man who makes decisions not on the basis of what is economically sound, but whatever strokes his own ego. +I remember it being touted as the biggest corporate fraud case in decades, when it happened in late 2019. + +I skimmed through his team's 169 page report, watched videos summarizing the report. A lot of it seemed credible. + +There were also other smoking guns: the CFO preemptively retires after the report drops, the share price drops 300% and holds there. There is an overhaul of upper management. They publicly admitted that they don't entirely adhere to GAAP. + +But what's happened since? Why isn't there more mainstream coverage about this? Were Harry's accusations right? What's SEC legal stance and actions on this? + +I don't wanna seem conspiratorial but it'd seem that most institutional investors have a vested interest in holding GE. + +More worryingly, the only coverage about the aftermath I can find, seems to be taken down: https://www.bloomberg.com/news/articles/2019-10-25/it-s-almost-like-the-shock-ge-short-thesis-never-happened + +Conversely, if there were nothing to this case and Markopolos had immense conflict of interest with the hedge fund, as the GE management claims, why this stock holding at the dropped price? +Edit: Holy $&#@ this blew up. Thanks for all the comments. I'm taking them all to heart and this has given me a lot to think about - particularly the longevity of my business vs the longevity of having a career. Thanks all and keep it coming. + + +I was always raised with this premise. You go to college, get a good job, get married, have kids. And that's the way it goes, my mom said. Well, I did go to college for something I don't really care for. Before I graduated, I got married and had kids. I'm graduated now, but couldn't find a job for a year so I gave up and am still working retail. + +I have a business online (this alone profits more per month than I make working full time and the business takes significantly less time) that makes good money and I'm looking to start another with the intention of leaving my full time, lowish paying job with benefits to work online. I don't want to be away from my family 40 hours per week. I want to work when they sleep and are on school and spend my days with them when they're awake. This goes against everything I had instilled in me when I was a kid. + +I just need some encouragement that, yes, people work from home and didn't doom their family by doing so. Some inspiring stories or tips on transition would be awesome. + +Edit: no debt, and have 8 months living expenses. +>U.S payment card firms Visa and Mastercard have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow's invasion of Ukraine. +> +>Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for humanitarian aid. Mastercard also promised to contribute $2 million. +> +>"We will continue to work with regulators in the days ahead to abide fully by our compliance obligations as they evolve," Mastercard said in a separate statement late on Monday. +> +>The government sanctions require Visa to suspend access to its network for entities listed as Specially Designated Nationals, a source familiar with the matter told Reuters. The United States has added various Russian financial firms to the list, including the country's central bank and second-largest lender VTB + + [Visa, Mastercard block Russian financial institutions after sanctions | Reuters](https://www.reuters.com/business/mastercard-blocks-multiple-russian-financial-institutions-network-2022-03-01/?utm_source=reddit.com) +Just submitted my taxes and thought this might be useful info to Canadian dividend investors who are trying to figure out non-registered vs registered account for their dividend paying securities. + +A negative marginal tax rate occurs when the dividend tax credit is higher than income tax rate. Someone in lower tax brackets can further reduce taxes owed by receiving dividends eligible for the dividend non-refundable tax credit. Non-refundable means it will offset other taxes you would otherwise owe. Not all dividends are eligible. Check stock dividend history for the security to see which dividends are typically eligible. + +When you get into retirement and are self-managing a retirement portfolio you don't need to draw retirement income in the same way as drawing a salary. This tax tip is useful when drawing $48,535, or less, income with eligible dividend paying stocks in a non-registered account or for lower income earners investing in dividend stocks in a non-registered account. + +This [Negative Tax Rate Eligible Dividend](https://www.taxtips.ca/dtc/enhanceddtc/negtaxrate.htm) example shows how a $100 dividend from an eligible Canadian source can result in a tax credit of 6.86% which will offset other taxes. + +Your securities broker will supply a T5 Statement of investment income that relates to the referenced tax-tip table as follows: + +* "Actual amount of eligible dividend \[Box 24\]" corresponds to "Dividends eligible for enhanced dividend tax credit". +* "Taxable amount of eligible dividends \[Box 25\]" corresponds to "Taxable dividend" (38% gross up). +* "Dividend tax credit for eligible dividends \[Box 26\]" corresponds to "Total dividend tax credits". This Box only includes the 15.0198% federal credit, not provincial credits. +* "T5 Slip Taxable dividend \[Box 25\]" is added to federal tax return "Total Income \[15000\]" which is calculated using a worksheet for "Taxable amount of dividends from taxable Canadian corporations \[12000\]". +* For taxable income up to $48,535, or less, [federal marginal rate](https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/taxes-quebec/taxes-quebec-2/5.html) is 15% so at this tax rate there is essentially zero net federal tax on dividends. The tax credit in T5 Slip \[Box 26\] will offset federal taxes. See line \[40425\] Federal dividend tax credit. +* To achieve an overall Negative Marginal Tax Rate for Eligible Dividends requires additional credits from the provincial government. The "Ontario dividend tax credit \[61520\]" is 10% of "Taxable amount of dividends from taxable Canadian corporations \[12000\]" and is calculated using Worksheet ON428 Part C. Other provinces have different rates. +* TL;DR A negative marginal tax rate can be achieved by holding eligible dividend paying stocks in a non-registered account. +I read this recent article in bloomberg that was interesting: +https://www.bloomberg.com/opinion/articles/2020-07-21/401-k-plans-no-longer-make-much-sense-for-savers + +Basically it talks about how 401k's are not nearly as good as they used to be. It still seems better than not using them to me, but I was curious if others have decided to only meet the employer match and instead invest the rest into taxable accounts (after IRA/Roth and HSA). +Edit: the title is misleading - I was talking about not understanding the greeks on my trades, not the underlying businesses. + +I started here just before Christmas, finding stocks to run the wheel with and selling puts. So far I've sold puts on PLTR, SPCE, PLUG, GME, MARA. I've rolled my PLUG position down and out once and am managing my trades, checking in daily. But I'm looking at my dashboard and really not understanding what's happening to what and why. I spent a long time deciding on what tickers to run the wheel on using around a 0.3 delta for each, and only going for an IV above 50%. These are all stocks I'd be happy to hold too – I can afford to be assigned. + +I'd like to get some of your thoughts though, positive or negative as I feel like I'm going round in circles at the moment. So, please and thank you, and fire away. + +Edit 2: new image + +https://preview.redd.it/ysowxsctco961.png?width=1439&format=png&auto=webp&s=e62d6f9e70144079db64e83e26c3030a0fce295a + +&#x200B; +&#x200B; + +[Graph](https://preview.redd.it/rxuo34jiqd561.jpg?width=1610&format=pjpg&auto=webp&s=9e096a718cda81fbc7ac4ecf161fe2ea3d7d55b2) + +The fact that US is printing alot of money is not solving the issue of common people. Those money going directly to rich people because 40% of Americans don’t have $400 in the bank for emergency expenses: Federal Reserve - [https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846](https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846) + +Those printing machines just keep printing money and keep creating wealth difference between rich and poor. They will make the rich richer and the poor poorer. + +Do we really need fiat in long run with unlimited supply as its value will keep decreasing over time? I think No that's why Satoshi created Bitcoin. He was Visionary and Revolutionary no doubts. +Hi all, +Got curious about the topic and how such a system might be designed on a rather top level. Let's assume I would want to build it in Python/C++, whatsoever. How would I implement my strategy? I was thinking about having generic trend following strategy objects for example which would then need to be fed with specs or have a specific Markowitz optimizer as a strategy object for example. + +Doesn't that mean you would need to recompile your whole engine every time you design a new type (!) of strategy? In Python that is not necessary of course different but in C++ for example? + + +EDIT: Thank you for your answers so far 😊 +**Edit: I understand no such thing as "safe" however, what is the closest thing to safe? I have heard of investing in Google and Visa as "safe", what other companies do you guys recommend?** + +**Edit 2: Wow lots of helpful replies, for the people that took time out of their day and wrote a lengthy response, I thank you a lot, by major decision I will open an account an Vanguard and go ahead and invest in S&P500 fund. Again thank you all for the help!** + +Hello guys, + +As the title states, my Dad gave me $10,000 to invest for my little sister for when she grows up, but I have never done investing and do not know what to do. + +How old are you? + +19 + +Are you employed/making income? How much? + +If we are talking about my sister, then no she is not. But if we are talking about me then yes I am. + +What are your objectives with this money? (buy a house? Retirement savings?) + +The objective is to invest this money in a few "safe" companies and never look back until my sister becomes 18. + +What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) + +100% safe. + +What is your time horizon? Do you need this money next month? Next 20yrs? + +10 to 15 years. + +I already opened up an account with Tradeking and have set up my bank account with them all that's left is to fund the account with $10,000 to invest it in 1 safe company(s), any recommendations? +Guten Morgen to this global band of Apes! 👋🦍 + +###I love this community + +I love how this community adjusts over time to be the best version of a Superstonk that there can be. We don't always get things right the first time around, but you can count on Apes to hold each other accountable and maintain high standards for what we want of this community. This continues to drag out far longer than most of us probably imagined back in January, February, or even March, but when I think back on those days I am proud to see how we have improved since then. I am proud of what we have become, and the continued refinement of our collective ideals. At a human level, it can be challenging to see others, who might be viewed as our opponents, struggling during these times and to resist the urge to dance. I applaud those who rise to the level of Ape and realize that their struggle is not what brings the MOASS. + +Short Hedge Funds closing their short positions is what will bring the MOASS. The day the DTC computers take over and start liquidating their portfolios to free up the funds to buy GME shares and close the short positions. THAT is the MOASS. Apes DRSing their shares, buying more, and HODLing with Diamantenhände is the best way to make that day come sooner. Supporting GameStop with our patronage, cheering its successes, and celebrating the transformation of the company we like. + +Yesterday's price surge certainly hinted at big things to come for GME this week, particularly as the option chain starts to get hedged as the price increases. What is in store for us today? + +Today is Tuesday, October 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$179.74 / 155,30 €** *(volume: 879)* +- ⬜ 115 minutes in: $179.98 / 155,50 € *(volume: 740)* +- 🟥 110 minutes in: $179.98 / 155,50 € *(volume: 737)* +- ⬜ 105 minutes in: $179.99 / 155,51 € *(volume: 737)* +- 🟩 100 minutes in: $179.99 / 155,51 € *(volume: 737)* +- 🟩 95 minutes in: $179.45 / 155,05 € *(volume: 619)* +- 🟥 90 minutes in: $179.40 / 155,00 € *(volume: 589)* +- 🟩 85 minutes in: $179.80 / 155,35 € *(volume: 558)* +- 🟥 80 minutes in: $178.04 / 153,82 € *(volume: 558)* +- 🟩 75 minutes in: $178.72 / 154,41 € *(volume: 473)* +- 🟩 70 minutes in: $178.59 / 154,30 € *(volume: 438)* +- 🟩 65 minutes in: $177.41 / 153,29 € *(volume: 414)* +- 🟩 60 minutes in: $176.71 / 152,68 € *(volume: 409)* +- 🟥 55 minutes in: $176.69 / 152,66 € *(volume: 399)* +- 🟥 50 minutes in: $176.84 / 152,79 € *(volume: 388)* +- 🟩 45 minutes in: $176.98 / 152,91 € *(volume: 383)* +- 🟥 40 minutes in: $176.94 / 152,88 € *(volume: 372)* +- 🟥 35 minutes in: $177.10 / 153,01 € *(volume: 365)* +- 🟩 30 minutes in: $177.20 / 153,10 € *(volume: 365)* +- 🟩 25 minutes in: $177.17 / 153,07 € *(volume: 326)* +- 🟥 20 minutes in: $177.01 / 152,94 € *(volume: 326)* +- 🟥 15 minutes in: $177.10 / 153,01 € *(volume: 289)* +- 🟩 10 minutes in: $177.60 / 153,45 € *(volume: 182)* +- 🟥 5 minutes in: $177.53 / 153,39 € *(volume: 182)* +- 🟥 0 minutes in: $177.83 / 153,65 € *(volume: 75)* +- 🟩 US close price: $178.10 / 153,88 € *($178.00 / 153,79 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1574. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Background: Dad has about $1.2M in 2 different 401K accounts; he is at the age where he is required to take Minimum required distributions from both (MRD). His tax bracket is about 15-20%. He also receives social security and a pension payment every month. Between those 2 payments he is covered for life - his monthly expenses (including medical expenses) will always be covered by those 2 amounts. + +Kids: Both kids are in their peak earning years right now; so assume 35% to 37% tax bracket (or whatever the max is). One kid has children (so there are grandkids for 1 of the 2). + +IF Dad were to wait and transfer these funds as part of the Estate/Will - both kids will have to pay taxes at their highest marginal rates. + +QUESTION: Is there anything we can do now to transfer some amounts (even $10K/yr) to the kids each year that would be a more Tax Efficient way to transfer this modest amount of wealth over time. Given the unusual nature of the SS payments + Pension Plan payments which will always cover his expenses and then some, I was hoping someone here would have some ideas. + +&#x200B; + +UPDATE: Thank you everyone for the insightful advice. I also saw that the Wall Street Journal has an article today (4/11/2019) that is very useful. It is likely behind a pay wall: + + [https://www.wsj.com/articles/six-tax-changes-retirees-should-know-11554975001?mod=hp\_lead\_pos8](https://www.wsj.com/articles/six-tax-changes-retirees-should-know-11554975001?mod=hp_lead_pos8) ( Six Tax Changes Retirees Should Know) +As the title says, Im wondering if you guys think I am ready (within the next 8-12 months) to purchase my first property. I live in the DC/Maryland/Virginia area and am currently looking at cheapish 1 bedroom condos which from what Ive seen are going in the $150k-$175k rage. + + + + +Age: 23 + +Income: $80k/year + +Cash: $26k + +Crypto: $23k + +401(k)/Roth IRA: $10.7k + +Debt: About $8k in student loans, interest is paused due to covid. Debt free in everything else. + + + +I am hoping to buy within the next 8-12 months. Is it doable? What about even sooner? + + + +Also, as crazy as this sounds, could I house hack a 1br place? As in, "rent" out the living room for pretty cheap to a close friend? This is an area close to where Ive grown up all my life as well as went to college, so I would have no trouble finding acquaintances who would be more than happy to take over part of my living room for cheaper than market rates. This is something I wouldn't mind, and it would significantly help out mortgage payments. + + +My ultimate goal is to own multiple property investments and hopefully gain financial independence from that. While I do plan to live in my first purchase, this will not be the case for long and I would eventually like to rent it out completely and pay off the rest of the house through rental income while purchasing more properties. + + + +Thoughts? Thank you! +[https://www.wsj.com/articles/landlords-challenge-new-yorks-rent-control-law-in-federal-court-11563274921?mod=hp\_lista\_pos3](https://www.wsj.com/articles/landlords-challenge-new-yorks-rent-control-law-in-federal-court-11563274921?mod=hp_lista_pos3) +Hi everyone, Its my first time going into Crypto trading,so idk much about stuff. +Im looking to invest around 500$ in 1 coin that is cheap and isnt so risky and hold it for few months. +Is there any coin that could possibly go 5-10x+ its value in few months? Thanks ! +Hi r/personalfinance! + +&#x200B; + +Just wanted to make folks aware of this since I didn't find hardly any information at all about it on the interwebs or on Reddit. + +&#x200B; + +I received a letter in the mail on June 5th with the title "Important Notice of Unclaimed Property Action Required: Response By 08/15/2020". It was a letter saying that due to a sale I made on Amazon in August of 2014, I had an unclaimed balance of $55.57 that was due to me. It talked about how I needed to verify my address, claim the funds, then sign and print my name. It said that if I didn't claim the funds, then the funds would be sent to the state agency of my last known state of residence, in this case South Carolina. + +&#x200B; + +It was a very legitimate looking letter, as I'm sure all good scams tend to be, but I thought this was suspicious already for two reasons: 1) free money is always suspicious unless it's a 401k match from your employer (thanks pf) 2) I recently saw a post on here or maybe r/all were someone talked about looking up through your state agency to see if you had unclaimed property funds. While the process itself IS legit, I used that system and didn't find any unclaimed property for myself or any of my immediate family. This was maybe a month ago when I made that search, so I thought it was weird that I would all of a sudden get this letter. + +&#x200B; + +It wasn't impossible for me to have unclaimed money from 2014 either; I made an Amazon Payments account to resell textbooks I had purchased while I was in college, but knowing college me, I would have made dang sure I got $55 pretty immediately because I was broke. + +&#x200B; + +Long story short, I called Amazon customer service who then contacted Amazon Payments. They assured me that they DO NOT conduct business in this way, that the funds would have been credited to my account or I would have gotten an email about it. I got a follow up email from my customer service representative asking me to forward a picture of the letter on to their fraud/phishing department. + +&#x200B; + +I just wanted to let everyone know that this is in fact a scam. I saw one other post after extensive googling about this and it was from two months ago, so this might be a recent thing, but this is NOT from Amazon. They only ask for your printed name and signature but I'm sure someone could do plenty of things with both of those. + +&#x200B; + +Tldr; Amazon Payments customer service confirmed that unpaid/unclaimed property letter was a scam. + +Edit: seems like there's a lot of conflicting information here but I'm just going to wait until the end of the year and check my state agency's website. Amazon themselves sent me two separate emails saying this was a scam, picture links are in the comments. My bf pointed out sketchy things about the letter too, like the fact that the letter was printed in greyscale and didn't look like something Amazon would have an official stamp on. Also, there's a letter "Z" badly hidden/printed behind bubble number 3. I'm just going to play it safe on this one, if I hear of any updates I'll edit here but in my opinion I'm saying this is a scam with the information I have, and I'm going to play it safe. Thanks to all who responded +Some helpful information: + +Corporate position so salaried pay + +Paid on the 15th and end of the month + +In Michigan (at will state) + +Let me know if you need anything else. I haven't been able to get a solid answer through Google so I'm hoping you guys here can help. + +Edit + +I do have a job line up to start a month after giving my 2 weeks. I'm planning a week in between to move + + +Edit + +Thanks for all the responses! I'll be assuming that I will be walked out but will be prepared to stick around. I'm financially OK either way but I just bought a house and wanted to know what kind of to expect. +what is happening to the stock? + +Last I read AC has severely reduced all its operations for the next quarter. Yet, the stock continues to rise. + +What am I missing? Are we out of the woods for the stock market crash? I've been waiting here for circuit breakers. Is that not gonna happen again? +The data does look solid I suppose, but I've been here long enough that we've never been really great at predicting huge spikes and technical analysis doesn't work so well with GME to begin with. + +Just feels like a trap to get people to lose on options. + +Also, since when did we really settle on 40% as being this monumental occasion? I really couldn't give a shit until it's maybe 40,000%. + +Don't really have much else to add. Anyone else think different? +Me and my spouse work in the SF-Bay area. We have had a couple of windfall money opportunities with couple of companies going IPO. The first one let us buy a 2b/2b condo when we had no responsibilities. We are quite happy where we live but we need the extra space since we have kids. With the refinance we did recently, our current mortgage is only 1600. HOA and property tax included is about 2600 which is dirt cheap for the neighborhood we live in. + +Thanks to another windfall + savings, there is enough money to put down 20-25% for a 2M-2.2M home. We think we can get a decent 4b where we live. Total income is close to 550k in the family. We need the extra space. Education is top priority for us and we don't want to compromise on school districts. + +But a 2M home will cost about 10k a month in mortgage + insurance + property tax. We just cant wrap my head around it. Going from 2.6k to 10k is just a shock to us. What advice do you have to make sure the decision is sound? What steps can I take to make sure I can be more confident about the purchase (Like savings, rainy day funds etc)? + +Another option is to go to a poor school district area and buy a bigger house for less but then save up for private school for the kids. What are your thoughts here? +It occurred to me the other day if I just save $300K/yr until I'm 60 I should have about $30M which should be beyond what I realistically ever expect to need. As a result it got me thinking I should be more liberal with spending beyond that. + +I'm curious, what do others do? Do you aim to save a certain percentage each year? Are you happy to hit a limit and then give yourself more freedom? + +After my epiphany I decided to let myself live a little and bought a Porsche Panamera. I'm having a little doubt that it's ok to spend this kind of money on a car. Tell me I'm an idiot one way or another. +It occurred to me the other day if I just save $300K/yr until I'm 60 I should have about $30M which should be beyond what I realistically ever expect to need. As a result it got me thinking I should be more liberal with spending beyond that. + +I'm curious, what do others do? Do you aim to save a certain percentage each year? Are you happy to hit a limit and then give yourself more freedom? + +After my epiphany I decided to let myself live a little and bought a Porsche Panamera. I'm having a little doubt that it's ok to spend this kind of money on a car. Tell me I'm an idiot one way or another. +For those multimillionaires out there how did your lifestyle change going from $1m to $3 or $5m/$10m, in net worth? Did you dramatically inflate your lifestyle? I’m curious to see how spending changed as you achieved those larger milestones. +https://www.cnbc.com/2021/01/26/microsoft-msft-earnings-q2-2021.html + +Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. + +Revenue: $43.08 billion, vs. $40.18 billion as expected by analysts, according to Refinitiv. + +Revenue from Microsoft’s Intelligent Cloud business segment, which includes the Azure public cloud, server products such as Windows Server, GitHub and enterprise services, totaled $14.60 billion. That’s up 23% year over year and above the $13.77 billion consensus among analysts polled by FactSet. + +Microsoft said Azure revenue grew 50%. Analysts had expected around 42% growth. Microsoft doesn’t disclose Azure revenue in dollars. + +Thanks for the awards. +Hi FatFriends, looking for some advice. + +Short version is this: I have about 30m in assets and I live abroad (major city in Asia) but will also spend time back in the US. How do I ensure I have great optionality and coverage in terms of health care for me and my family? Everyone is healthy and my and wife and I are still pretty young (mid 30s). That said, I'm paranoid that some serious illness could show up and eat up a lot of money, cause financial stress to stack on top of the health stress. + +Right now I have a crazy good global insurance plan through work but I'm not sure how to replicate such a thing on my own in the future. Has anyone been able to plan/buy platinum level coverage while splitting time in the US and abroad? + +I searched in the archives on this topic and found only a few leads, most didn't seem like super high end or fat coverage (e.g. lifetime limits, limited/no coverage in the US, etc). + +Also to make things complex: I won't necessarily have a clear state of residence to bind to in the US. + +Thanks! +Just curious as to know why we don't have direct listing of stocks for price discovery instead of this ipo and lottery sham? A lot of companies in the US seem to be adopting this approch for listing like Spotify/Palantir + +It seems unfair on small retail investors like me that sharks like Franklin Templeton and Goldman Sachs get Happiest Minds at Rs 165 and while I need to pick it up in the secondary market for Rs 360+(as the probability of allocation in ipo is remote for retail investors once it goes into lottery and the money bag anchor investors have a free run) +My view on the cobrapost "expose": There's some fire in there, but way more smoke. 31,000 cr. is terribly misleading; the problem is a fraction of the 14,000 cr. loans made to entities linked to the promoter (and the market's been fretting about that earlier too) + +What I find is bullshit - the donations to BJP (not a big deal) of 20 cr. +- the allegations of insider trading by using some random data - there is far more to this than the eye is being shown, but the 1000 cr. allegation is bull + +I'm also finding inconsistencies in the slum rehab thing. Cobrapost says a loan given to "Ghardwar real estate" of 430 cr. to a sham project, but indeed, the loan document is cosigned by "Darshan developers" who is the developer of the said Slum rehab proj + +You can see that in this document of cobrapost: http://cobrapost.com/public/image/Final_Hyperlink/Ann-85-Sanction-Letter-Ghardwar-pdf-2-230602777-.pdf … + +If Darshan cosigned (this is only an offer doc, we don't know if it was sanctioned) and darshan was given the project according to the SRA site, then the loan is valid? + +If one 430 cr. loan was called "sham" and is now valid (against the mortgage of a slum rehab - actually three projects) then does it mean that we have to go through each allegation now and find holes? What if they're mostly flimsy? + +Further, if 430 cr. is no longer a problem and we find more holes then it's quite likely that a substantial part of the 31,000 cr. claim is incorrect. + +In fact, Cobrapost even mentions something about companies not being on the SRA website - but their loans are cosigned by Darshan developers who DOES appear on the SRA website as the developers of these projects. + +In another instance, they claim that this doc is supposed to be a loan document - it's just a mortgage deed against a loan that might have been disbursed in stages or at once (no evidence it was either) and either ways, no issues, cos they had collateral + +The more I dig, the more inconsistencies I find in the cobrapost expose. I'm going to stop here, because if a rookie like me can find this much in a couple hours - a seasoned investigator will park a truck in the holes left behind in this story. + +But I will end with : Don't believe what you read - even what I said above - without your own investigation. There's plenty wrong with DHFL, and yes, there's some looping around, but overall, the DHFL loan book isn't quite like this (mostly retail). I'm done with cobrapost. +Disclosure: No shares or bonds of DHFL owned - I even suggested that people exit the bonds a few days back, quite unknowingly. This is not a defense of the company - it's an investigation of an investigation. + +https://twitter.com/deepakshenoy/status/1090306381813559302 +I was planning to invest in Motilal Oswal Nasdaq 100 FoF. Expense ratio is 0.64. However, i came to notice that it's underlying fund Motilal Oswal Nasdaq 100 ETF is not able to correctly follow its benchmark Nasdaq index. Also, there have been instances of NAV/price mismatch of ETF. +Recently, Kotak MF also came up with Nasdaq 100 FOF with underlying ETFs iShares NASDAQ 100 ETF. Considering Blackrock's ishares ETF reputation and trading volume, i believe there will be very less mismatch between NAV/price. But expense ratio of Kotak's FOF comes out to be on higher side(0.65+expenses of underlying ETFs). +Moreover, Nippon mutual fund is also coming up with Nasdaq 100 FoF. + + +Should i : +1. Go with less expensive but frequently inaccurate Motial Nasdaq 100 FoF or +2. Go with more expensive but more accurate(as per my assumption) Kotak Nasdaq 100 FoF. +3. Wait for details(expenses and underlying ETF) about Nippon Nasdaq 100 FoF. +Was reading this article on FreeFincal yesterday: https://freefincal.com/sundaram-select-mid-cap-fund/ + +Check the last chart. SIP in Sundaram Select MidCap fund, started in 2006, and value in 2013 is nearly equal to same as the invested capital. + +Equity really tests your patience. + +* What credit card are you using? Discuss the privileges associated with them. +* What card is best suited for online e-commerce shopping? +* What card are you using for purchasing airline tickets? +* How is the dispute resolution mechanism for your credit card? How helpful was the credit card issuer in resolving the dispute? +* Did you take a credit card against a fixed deposit, due to non-existent credit score? What card was it, and what privileges des the card provide? Discuss. + +You can ask for a general review of a particular product or service that you are researching - "Is X good? Is it recommended for grocery shopping?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and my wife needs a credit card for grocery shopping, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +What's your MF portfolio composition and why would follow your methods? + +Mine is like this... + +|Fund Type|Allocation|Reason| +|:-|:-|:-| +|International Funds|15%|Highest Returns| +|US Funds|15%|Beating Indian funds comfortably| +|Sectorial/ Healthcare|30%|Past performance is better than large cap| +|Large Cap|15%|Beaten down market, good potential| +|Mid Cap (No Multi Cap)|10%|Beaten down market, good potential.| +|Small Cap|0%|Covid cash crunch for small caps?| +|ELSS|5%|I’m not sure if they are worth| +|Retirement|10%|Debt| +|Total|100%|| + +Truth to be told... whatever I'm learning in the investment world, it's through this subreddit. Thank you. Totally appreciate all of your opinions, strategies, insights & wisdom. Feel free to point out too... :) +Regular readers may recall my business bank blocked all access to my account without telling me ([first post](https://www.reddit.com/r/UKPersonalFinance/comments/reknfa/banking_advice_sought_sole_trader_account_locked/)), and even after I and third parties gave them evidence that I was a collateral victim of fraud rather than the perpetrator, didn't do anything about it ([second post](https://www.reddit.com/r/UKPersonalFinance/comments/rn967t/update_on_business_bank_account_being_locked/)). + +After I lodged a formal complaint with the bank at the end of December, they sent me a stock letter to say they'd investigate within two weeks, then another after two weeks saying they'd not investigated and would get back to me "in due course". To date I still have no access to my business bank account since they locked it for a completely bungled fraud investigation in mid-November. + +I'm no longer going to protect their sorry incompetent asses through anonymity, so I'm happy to name them as the Co-Operative Bank. Having been a Co-Op banking customer for nearly 30 years, I'd strongly advise against using their services, and if you're an existing customer, my advice would be to find a new bank. I can understand the odd mistake, but to my mind this is a catalogue of basic incompetence. + +I've now written again requesting an urgent response, and also contacted my MP and their press office. I will be making a complaint to the Ombudsman too. I would investigate legal action but I can't easily afford to. Every further hour I spend writing letters and chasing this up is another hour I'm not earning money. +On this momentous occasion, congratulations go to SHFs, MMs, banks, shadow banks, FINRA, the DTCC and the SEC for not enforcing its own rules. + +The 1% would also like to give these prominent institutions much deserved accolades for supporting & enabling their opulent way of life. + +https://us.transparency.org/news/new-index-ranks-us-1-in-offering-financial-secrecy-to-the-criminal-and-corrupt/ +Am I missing something it yields almost 5% it’s a pretty steady stock..solid company with plans for the future that include becoming more efficient with their emissions while selling the by products … the revenue and earnings is a little wonky over the past 3 years but profits seem to be increasing and quarterly look like they are on a uphill trend… I just started a small position in my Roth IRA due to the dividend it wouldn’t take a lot to drip a share a year basically with people fleeing from T I’m surprised I don’t see mentions of DOW or am I missing something? +I'm a musician and decided to pursue music instead of going to college. For a while I've been playing bars/restaurants/private events and average 25k a year. Recently, a certain theme park has hired me to just sit and play guitar for 5hrs a day around 15 times a month. I'm now 21 and making 90k a year with the new gig doing what I love. So I really want to know what to do and where I should be putting my money. Where to invest? How much to save? Any tips or advice is helpful, it's just a lot more money than I'm used to having and I want to be wise with it. +Hi All, + +In the Q4 of last year i wrote a small paper on the Australian Housing Market for my Masters. The background of the paper was to provide some insight into an economic market and provide an outlook. I've just recently put this on a website (excuse the name of the website). Given how often this topic is discussed i hope it proves helpful. The data points reference no later than September last year but i think the topics discussed are still relevant. + +I'm not trying to monetize this, just trying to provide some independent insight. Understand that their is a rule around self promotion, I've checked in about this already and am simply linking the below to encourage some discussion and help inform the community. Please excuse the formatting.. I'm doing my Masters in finance not CS haha. + +I have read quite recently on here that that RBA etc are not aware of the consequences of their monetary policy decisions on the housing market and i hope this provides evidence that they are aware. I believe they are between a rock and hard place and that the effects on the housing market are an unintended consequence of their mandate. I've also linked a recent paper they have written on the topic below my article which i didn't include in the original paper. + +My Paper: + +[https://ausfinancenews.com/2020/01/07/australian-house-market-outlook/](https://ausfinancenews.com/2020/01/07/australian-house-market-outlook/) + +Recent RBA Paper: + +[https://www.rba.gov.au/publications/rdp/2020/2020-02.html](https://www.rba.gov.au/publications/rdp/2020/2020-02.html) + +TLDR; my conclusion is that the housing market is over valued but baring an external shock, or a drastic change in market conditions, i.e. credit shock, quick rate hikes etc that the market would continue on. Once a shock does occur the consequences would likely be quite dramatic. Inside of all this, there are things that would protect the market, high offset accounts etc.To be honest though, you should probably try and read the whole paper, it is long but i'd argue you'll get more information out of something like this than 4 current news media articles.. but maybe im biased.. haha +Well, February 22nd makes it one whole year. I think that's deserving of a top level post, right? + +Here are screenshots of the Mint Trends, which has every single expense from the past year categorized. I've added comments on each page. + +[**Expenses Overview**](https://i.imgur.com/qk7ZwDM.png) + +[Auto Expenses](https://i.imgur.com/MMjwVUE.png) + +[Food Expenses](https://i.imgur.com/wk7TgOm.png) + +[Home Expenses](https://i.imgur.com/MLAOnxS.png) + +[Utility Expenses](https://i.imgur.com/qslLk4f.png) + +[Tax Expenses](https://i.imgur.com/AdkWVZk.png) + +[Healthcare Expenses](https://i.imgur.com/upxiRUs.png) + +[Entertainment Expenses](https://i.imgur.com/bKd5Ycb.png) + +Main takeaways, my total expenses for the year was $37,700, but I'm going to dismiss about $15,000 of that as "one time" expenses from paying off my car and my furniture loan. A more reasonable number for my annual spend is $22,700. + +With my car payment gone, my highest expense category is Food, averaging $500 per month. This has room for improvement. + +Healthcare will look artificially low last year because of taking Tax Credits up front. This year I am not and will be paying $325 per month for health insurance. At ~$4000 per year, this puts healthcare at nearly 20% of my total expenses. + +Nothing else is particularly interesting. That $22,700 figure is a reasonable real-world number for me, but for future planning I'd still inflate that to $25,000 just to have more wiggle room. I may look into traveling this year, which would add some expense. + +**Investments:** + +Vanguard Investments: (All in VTSAX) + +* Traditional IRA: $299,000 -> $348,000 +* Roth IRA: $14,500 -> $18,150 +* Brokerage: $18,400 -> $22,900 + +* **Total Rollup**: $331,800 -> $389,100. ~17% return + +Other LTCG holdings: $145,000 -> $291,000 (other investment accounts and bitcoin) + +HSA Investment Account: $6000 -> $7400, with another $1700 in the "cash" holdings of the HSA. + +$9000 cash in Money Market & Checking Account. + +**Finances Going Forward** + +I had earned income last year so I didn't start my Roth Conversion Ladder last year. This year I decided I will be converting the $12,400 standard deduction + $9600 of the first tax bracket for a nice round $22,000 converted. Yes I'll owe a little bit of taxes, but it sets up my Roth with $22k in 5 years which should cover the majority of my expenses. And with $350k currently in tIRA and converting $22,000 per year, I won't be able to chew through it all before actual retirement age. + +I have about $20k from an old stock purchase plan that unlocks come April, which I will be selling and likely moving over to my money market account to shore up my "cash" holdings. + +My plan is to not really tap any of my "normal" investment accounts for as long as possible. I've been deferring to selling Bitcoin if I need to move some cash over. Last year I sold 3 bitcoin, one for $9300 in June, and then two at the end of December (for tax year Capital Gains reasons) for $7300 each. These were all LTCG at 0% taxed. AGI for last year is around $35,000. + +**The Living Part:** + +There's all the boring expenses and financial stuff. Now for the ever painful question that my beloved Grandmother loves to ask, "But gosh, what do you do with all of your time! I can't imagine being retired at your age!" + +Step 1, restful sleep. During my working career I lived off 6 hours of sleep every day. It made for exhausting weekends trying to "make it up." And luckily I'm not a generally stressful person or else it'd have been worse. But now I go to bed when I'm tired, and whenever I naturally wake up, I get up. This can lead to VERY weird hours since I'm often an extreme night owl. But I generally get 9-10 perfect restful uninterrupted dream-filled hours of sleep. + +I'm betrayed by my "Food Expense" breakdown, but I really am cooking more and eating better. I drink a lot of coffee and water at home and generally try to eat only one meal per day, but sometimes lunch and dinner. I don't normally eat breakfast, just have coffee when I wake up. And did I mention how much less painful it is to go grocery shopping when it's in the middle of the day and everyone's at work. It's so nice. + +I spend a lot of time on reddit browsing my front page, and I check out the YouTubers I follow that post daily, then check out any of the irregular posters. Depending on how much good stuff there is, this could go on for a few hours. + +I have a lot of hours playing video games. I tend toward puzzle games or building games (Factorio, Satisfactory) because they scratch that itch in my engineering brain. There are times at night where I'll spend **hours** on this website: https://www.puzzle-sudoku.com/ and play Sudoku or Nonograms or any of the other puzzle types on the bottom of the page. + +I'm doing my best to watch every single last show on Netflix. It's a daunting task, though it's surprising how often I drift back toward watching the same smattering of Star Trek: The Next Generation episodes rather than try something new. But I try and take recommendations and work my way through shows. + +And Podcasts! The joy of joys is when I come across a new-to-me podcast that has a huge backlog. I found a great ST:TNG rewatch podcast that had 108 episodes already done. I spent like 2 months watching the episode of TNG then immediately listening to their podcast about that episode, repeat repeat repeat. I'm currently working my way through The Adventure Zone, I'm on episode 46 of 155 with them. And they keep advertising the other podcasts The McElroys do so I'm sure I'll roll into one of those next. For many people podcasts are background noise, but I'll often just sit on the couch and concentrate on just listening the podcast. + +Outside of home, I can't wait for the weather to get nicer so I can go on more walks. Being a night owl I like going for walks at night. I live near our city center so I'm within blocks of city hall, the main library branch, and the fountain / park. + +I jump at any opportunity to hang out with friends. It's just about every weekend that we are getting together to hang out and play board games. Like I mentioned in one of the breakdowns, I've started to play D&D with my buddy and his wife. I'd never played before but he's been DMing for years (but hasn't had a group for 10+ years now). He's glad to be playing again, his wife **loves** it, and it's super convenient for them to stay home with the 5 month old daughter. (And baby gets to hang out with Uncle Oracle.) + +I get together with former co-workers every few months to keep in touch with them. One in particular I have a standing every-2-month bar date with. I remind them every so often that if they want to go out to lunch **ever** to just call me. + +**Personal History** + +Just a quick personal history in closing. I was an automotive engineer working for OEMs and Tier 1 suppliers in the Metro Detroit area. In the 2008 downturn I lost my job and was unemployed for 2 years and ended up getting my house foreclosed in 2010. By the time i got a job in March of 2010 I was basically at $0. I had a tiny amount in an 401k, had about $20,000 in credit card debt from being unemployed. + +But then I got a very well paying engineering job ($108k annual and eligible for time-and-half overtime). I kept living like I was unemployed, spent as little as possible and saved as much as possible. Through my parents I secured a mortgage on a nice 1 Bed / 1 Bath 900 sq ft condo. I paid off my CC debt in less than a year and kept banking cash and maxing my 401k every year. + +I heard about bitcoin in early 2013 (from a guildmate in World of Warcraft, believe it or not) and jumped on board. [All time bitcoin price chart (log scale) for those unfamiliar with the history.](https://i.imgur.com/NkJ2BMR.png) I got in before the first spike to $1000 in December of 2013, and kept buying throughout the downswing in 2014 / 2015. In 2017 I sold 5.6 BTC for a total of $6000 and paid off the last of my student loans and my car, then a few months later I sold 4.25 BTC for $6700 and paid off the last of my condo mortgage. So in May of 2017 I was officially debt free and had a net worth of about $200,000. + +Then in the fall of 2017 was when bitcoin exploded. I knew I had to take profits here. Every time the price went up 10% I sold another bitcoin. $7500, $9000, $10700, $13000, $15500, $18600. I sold all the way up. I ended up selling about $100,000 in bitcoin that year and I pushed most of it into my Roth IRA and Brokerage accounts. + +Then I really started thinking about FIRE in early 2018. Started doing the math, tried to see what my expenses would be, and thought I'd give it ago. I've told myself from day 1 that I'd give this trial a solid 2 years. If I don't feel good about it, or the money doesn't seem right, then I'll still only be 40 years old and could (IMO) easily jump right back into an engineering gig. So I targeted early 2019 so I could frontload my 401k for two months, grab the annual bonus, then peace out. + +TL:DR: 38, FIREd, Money's looking right, Life is feeling right, everything is fine +I recall in the past TDDI would classify you as a President's Account client if you had household accounts of $1M with them or had paid a certain amount of commissions per quarter. So, if someone doesn't do 150+ trades per quarter yet has over $1M in AUM and pays $4000/yr in commissions, are they eligible for some kind of commission discount? Is there any point in asking TD for a fee break or better to just move all accounts to IB or National Bank to save 90%+ in commissions ? +So I changed to nationwide to get their generous £200 switch offer. I tried to sign up for digital banking when I applied but it didn't work. +Today I received an email saying + +"Unfortunately, we weren't able to set up your Digital Banking profile during your application. Don’t worry, we’ll send your new Digital Banking passnumber in the post, and a **card reader** so you can manage your account on our mobile app, or online." + +A card reader!? I thought they were a thing of the past? + +Can any current nationwide bankers confirm if I need a card reader to bank via the mobile app? +(By bank I mean, pay new and existing, transfer internally' , see balances) + +Thanks everyone! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +12.7 Million shares DRS’d guys… holy fucking balls this is CRAZY. We are winning… we are proving to the big players that we aren’t fucking leaving, we are proving to the MSM that we aren’t playing, we are proving to everyone that we are going to be right. I barely can contain my excitement as this journey continues. Continue to buy, Hodl, DRS. We’re so fucking close to winning… Jesus Christ WE ARE SO CLOSE !!!!!!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +HOIST THE COLORS! 🏴‍☠️ +COLOR THE HOISTS! 🏴‍☠️ +LUBE THE PISTONS! 🏴‍☠️ +SWAB THE DECKS! 🏴‍☠️ + +LETS FUCKING GOOOOOOOOOO!!!!!!!!!!!!!!! +12.7 Million shares DRS’d guys… holy fucking balls this is CRAZY. We are winning… we are proving to the big players that we aren’t fucking leaving, we are proving to the MSM that we aren’t playing, we are proving to everyone that we are going to be right. I barely can contain my excitement as this journey continues. Continue to buy, Hodl, DRS. We’re so fucking close to winning… Jesus Christ WE ARE SO CLOSE !!!!!!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +HOIST THE COLORS! 🏴‍☠️ +COLOR THE HOISTS! 🏴‍☠️ +LUBE THE PISTONS! 🏴‍☠️ +SWAB THE DECKS! 🏴‍☠️ + +LETS FUCKING GOOOOOOOOOO!!!!!!!!!!!!!!! +Hi Reddit, + +My wife and I are in our mid-30s and in the last 8 years have made some significant progress in our finances. 8 years ago we both graduated college and were $20K in credit card debt, $40k in student debt, and were living paycheck to paycheck. We've worked as hard as we can, put off a lot off, and focused on succeeding in our careers/businesses. We have a 2 year old and are expecting another baby soon. + +Neither of us come from much, and we're trying to build long-term wealth and income for both ourselves and our children, and also our parents. For the past several years we paid our debts as aggressively as we could, until we paid all of them off just recently. Our recent debt payments have been $1,500/month, but now that everything is paid off we want to use that money as best we can. + +We live in an expensive area, pay an incredible amount for rent, and think it's the right time for us to buy a house. We are looking to buy a home to live in, but want to make it the best investment we possibly can. To that end we've been looking at properties that are either a duplex with large units, or a property with 2+ houses or apartments on it. We don't know much about real estate, but I'm reading what I can to learn more. + +One house we recently looked at was about an acre, and only had one house but had perfect space to build. We looked at pre-fab duplexes, and think it might make sense to purchase a place like this and put 2-3 on it over time. The house is well below our budget, and we could afford additional payments for the new building. + +This is our financial picture: + +* We are (finally) nearly debt free. We have one car payment of about $280/month and has 3 months left. +* My salary is $115K/yr, and my job has a solid pension and very affordable, very good benefits. I have good and stable career prospects. +* I am a 90% disabled veteran, and (unless they figure out how to grow body parts back) will receive \~$23K/year for life. The amount is tax free, and increases with the cost of living. +* My wife owns a business and, since scaling back after we had the first kid, makes \~$25K/yr working part time from home. The amount is fairly stable, and will likely stay so for the next 10-15 years, which is when she plans to scale back up. +* We contribute about $600/month to my retirement. +* We contribute $1,000/month to a 403(b) for my wife's retirement. +* We pay $2700/month for rent + +&#x200B; + +The questions I have are: + +* Are we generally on the right track? +* Do you have any recommended reading for trying to build wealth through rentals? +* Are we crazy for thinking we can put prefab duplexes up to rent? +* Is there a service we can pay for that will give us financial guidance on these kinds of matters? + +I really appreciate any input! +Over the years I realized my boyfriend was saving a lot- and investing very little of it. He has a 401k now and contributes 13% pretax so he’s on the right track there. + +However, for the last 2 years I have been trying to convince him to not leave sitting over 70k in his combined checking and savings accounts. + +Aside from his 401k, he has an IRA I set up for him with 6k initial investment from last year and a regular chase brokerage account from 5 years ago that he put 6,000 into. I have finally convinced him that leaving all of that 70k in his bank accounts was losing him money each year. + +My thoughts are to over the next year contribute the max to his IRA (6,000) this year and then next year doing the same but dividing it into equal monthly payments to spread out investment and doing the same next year. So that takes care of about 12k over the next 2 years could probably do that a third year so 18k. + +We want to leave 15k in the savings and additionally keep open the CD he has with 2500 in it. + +What should I do with the rest of it? About 35k we could invest right now. We want it to be like a growing savings account that we could also withdraw money out of periodically for house down payment, vacations etc and also continue to contribute to it. + +TLDR: Any suggestions on investment accounts with easy withdraw access and how to keep track of taxes owed if we do withdraw? Should we split the 35k up into one aggressive and one safe level account etc? Any tips much appreciated!! +My question is: Does marriage affect your taxes, student loan payments (income driven), in a negative way? Does it make it more difficult even if your finances are separate? +GoPro is down 75% since mid-2014 when it had its IPO. There has been a lot of negative sentiment around it and based on the negative returns to the initial investors, rightfully so. + +However, it might be a turnaround company and I'll make my case below. + +Up until 2019, the company was mainly selling hardware consisting of cameras and certain accessories around it. Over 90% of their sales were through retail and their gross margin was around 34%. + +In the meantime, there have been 2 main changes: + +1. In March 2021, they launched an app called Quik and they have 221k paid subscribers ($9,99/year), bringing in around $2.2m in revenue that has a higher margin than their old-school business. + +2. They introduced GoPro subscription, which grew to 1.6m subscribers fairly quickly (130k in 2017, 185k in 2018, 334k in 2019, and 761k in 2020). Why is this relevant? The annual subscription costs $49.99 and without knowing anything else, it seems as they're adding $80m in revenue (1.6m x $50). Well, not really. The subscription provides the following: + +\- $100 discount on a new GoPro camera - Wait what? A user pays $50 in subscription and gets a $100 discount? That is a no-brainer! But wait, that's not all, it also provides: + +\- Unlimited cloud back-up + auto uploads + +\- Up to 50% off @ [GoPro.com](https://GoPro.com) + +\- No questions asked damage replacement + +\- Full access to the Quik app + +\- Share on the go + +**So, what is the catch?** + +From a user point of view, they get a lot of value and from GoPro's perspective, it doesn't seem to be that profitable as they pay by not only discounting the hardware price but also they have to cover the costs for the rest of what comes with the subscription. In theory, subscriptions are a high-margin segment, but when taking all of this into account, it is clear that we cannot expect the $80m on top of what they're earning. So, why do they offer this? + +1. At the beginning, I've mentioned the main sales channel in 2019 was retail, with 90%+ of the total sales. As of 2021, retail was 66%, with 34% being DTC (Direct to consumers). As the subscription is offered through the website, more users are opting for it. This means, they're not paying the "cut" to the retail companies and they can increase the gross margins (2021 - 41% gross margin, while 34% back in 2019) + +2. As they're providing a high-value no-brainer package, they are more like to retain the customers. When they need to buy a new camera in 4 years, they would not be considering only the hardware, but also what comes with it (Is there unlimited cloud back-up, is there a damage replacement policy, what about the Quik app substitute?). So, the subscription model (in my opinion), is less about making more money and more about retaining the customers by providing value. + +&#x200B; + +**What about the brand?** + +\- The hardware is in a very niche industry (action cameras) and as they're focused on high-quality, they're targeting the high-end. Their Hero10 black was the best-selling camera in the US camcorder market. + +\- They have over 46m social media followers across all platforms (YouTube, Facebook, Instagram) + +&#x200B; + +How does this reflect in the financials? + +Their revenue was almost $1.2b back in 2017 and is almost $1.2b now in 2021. So, in the last 5 years, it seems as there were no changes. That's not fully correct as 2020 was terrible due to the pandemic. The customers buy cameras with the purpose to capture memories while they're on holiday. Having that in mind, the drop of revenue to $900m was not unexpected. + +&#x200B; + +The rest of the operating expenses have also decreased: + +\- R&D from 19% of the revenue in 2017 to 12% in 2021 + +\- Sales & marketing from 20% in 2017 to 13% in 2021 (As they have a huge social media presence, they can use that at a lower cost to interact with their customers) + +\- SG&A from 7% in 2017 to 6% in 2021 + +**Where does that bring the company today?** + +The company finally had a positive operating margin of 13.5% in 2021! Their free cash flow is a bit over $100m. + +**What about the financial position (balance sheet)?** + +The company has half a billion in cash (with a market cap of $1.4b) with debt being below $300m. From a financial health point of view, it is definitely in a good position. In addition, they have around $280m in deferred tax assets (related to valuation allowance) that they can use in the future and pay lower taxes. In my valuation, I'm adding 50% of this as the benefit will come in the future. If we adjust the market cap for the cash, debt, and deferred tax assets, we get to a price of around $1.1b. Not bad for a company with a $100m+ free cash flow. + +In addition, in the last earnings release, it was revealed that the management was authorized to buy back shares for $100m. + +&#x200B; + +**What could be expected in the future?** + +My assumptions for the future are as follows: + +\- Revenue growth 6% in the next year (analysts forecast between 4% and 9%) and then 1.83% (risk-free rate) - This leads to revenue growth of modest 25% in 10 years to $1.4b. + +\- Operating margin 13.5% in the next year, growing to 14% (long-term operating margin) + +\- Reinvestment (sales to capital) ratio of 4 - Pretty high for a manufacturing company, but I do not expect them to invest in an additional factory or any heavy equipment. This reinvestment mainly relates to working capital + +\- WACC 7.5% + +Plugging all of this into a DCF, the **value per share is $15.95** (price $8.78) + +&#x200B; + +**What if the revenue doesn't grow as fast and what if the operating margin isn't 14%?** + + Let's take a look at a few scenarios: + +&#x200B; + +|Revenue/Op. margin|12%|14%|16%| +|:-|:-|:-|:-| +|\-10% ($1b)|$11.8|$13.1|$14.4| +|25% ($1.4b)|$14.2|$16.0|$17.7| +|50% ($1.7b)|$15.8|$17.9|$19.9| +|75% ($2b)|$17.4|$19.8|$22.1| + + I'd like to get your thoughts on both my analysis as well as the company as a whole. +* JPMorgan Chase CEO Jamie Dimon said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis when the world tips into recession. +* “But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday. +* His comments come at a time of growing concern about the prospect of an economic recession as the Federal Reserve and other major central banks raise interest rates to combat soaring inflation. + +JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year. + +Dimon, the chief executive of the largest bank in the U.S., said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis. + +“But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday. + +Among the indicators ringing alarm bells, Dimon cited the impact of runaway inflation, interest rates going up more than expected, the unknown effects of quantitative easing and Russia’s war in Ukraine. + +“These are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in recession — and they’re likely to put the U.S. in some kind of recession six to nine months from now,” Dimon said. + +His comments come at a time of growing concern about the prospect of an economic recession as the Federal Reserve and other major central banks raise interest rates to combat soaring inflation. + +Speaking to CNBC last month, Chicago Federal Reserve President Charles Evans said he’s feeling apprehensive about the U.S. central bank going too far, too fast in its bid to tackle high inflation rates. + +The Fed raised benchmark interest rates by three-quarters of a percentage point last month, the third consecutive increase of that size. Fed officials also indicated they would continue hiking rates well above the current range of 3% to 3.25%. + +Dimon said that while the Fed “waited too long and did too little” as inflation jumped to four-decade highs, the central bank is “clearly catching up.” + +“From here we let’s all wish him success and keep our fingers crossed that they managed to slow down the economy enough so that whatever it is, is mild — and it is possible,” he added. + +**‘To guess is hard, be prepared’** + +Dimon said he couldn’t be sure how long a recession in the U.S. might last, adding that market participants should assess a range of outcomes instead. + +“It can go from very mild to quite hard and a lot will be reliant on what happens with this war. So, I think to guess is hard, be prepared.” + +Dimon said the one guarantee he could be sure of was volatile markets. He also warned that this could coincide with disorderly financial conditions. + +Asked for his views on the outlook for the S&P 500 + +, Dimon said the benchmark could yet fall by “another easy 20%” from current levels, adding that “the next 20% would be much more painful than the first.” + +Speaking to a roomful of analysts and investors in early June, Dimon said he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. + +“JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet,” Dimon said at the time. He advised investors to do the same. + +Market participants are monitoring a highly anticipated inflation print on Thursday as well as a slew of corporate earnings. + +JPMorgan is scheduled to release third-quarter financial results on Friday. + +Shares of the bank are down roughly 33% year-to-date. + +&#x200B; + +Source: [https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html](https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html) +So, I've been here since it was a startup. I'm getting 180k + super, prorated down (so I make about 140k) because I choose to work 4 days a week instead of 5. + +There's a skills shortage in my expertise at the moment. I believe I could ask for a raise to 20k and get it. + +Right now, we have a lot of post covid work coming in. We do not have the people to deliver current booked work, let alone this new work. If I was to leave, it would severely cripple the companies ability to service clients. + +I will never accept a counter offer. I made a promise to my boss when I started that I would never accept a new job without talking with him first. I would always respect that, he has shown me nothing but respect since day one. + +I'm happy here, I have no reason to leave. Even getting another 20k elsewhere would mean very little to me. I do however like money, so I would like 20k, just don't want a new job to get it. + +When I started I was paid 90k. I have never asked for a pay raise. It has always been given to me every couple years. Been here for about 6 years now. + +There is a lot of demand in the market. If I ask for a pay raise, it feels a little like I'm holding my boss over the fire. He can't lose me. It would affect his ability to not only deliver, but also sell new work. + +He is in an earn out period (I get 1% of the earn out payment, a little gesture from him). + +How do I ask, or should I ask, considering the circumstances? +It seems like only 2 years ago, this exact post. The bubble still hasn't popped? + + +I see the top end of Melbourne and Sydney dropping/deflating, they've been overvalued for years but the constant influx of foreign buyers kept it so, so its understood they're dropping, but I'm talking average Mum & Dad housing market. + + +I've been on the watch of the market to 'get in' for 2 years now, expecting to grab up an opportunity when it all popped, was going to be an edgy 6% with LMI when I started, but a deals a deal.. yet they never came, and recently, in the last 3 months, I've seen a spike in the cheaper housing.. + + +In my area Adelaide, Elizabeth and Salisbury are "those" suburbs, 3 bedroom houses at $150-$200k, in June, now, can't spot one for less than $225. 30% gain in 3 months?! + + +The Average $300-$400k houses, average suburbs, are now peaking $500k. + + +I understand that low supply vs demand, some FOMO in the market, some incorrectly using their super $10k from 19-20 and again 20-21 to make up their deposit (the banks have banned it, but they also look the other way) and the no LMI scheme/scam by the govt, will be creating false demand driving up the prices.. + + +I see articles in here about it deflating, drops of 2%, 4%, yet what I'm seeing in actual properties is increases of 20%, 30%. + + +Yet, it still feels like there's something else lingering. What have I missed? + + +Thoughts? +WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at $5-billion, including debt. + +Under the terms of the agreement, WestJet shareholders will receive $31 for each share held. + +https://www.theglobeandmail.com/business/article-westjet-bought-by-onex-in-5-billion-deal/ +Let's say you have a target lifestyle expense per year of 300K when you are financially independent and/or early retired. Is that 300K what you should be spending today, while getting there, i.e., enjoy life while working, then enjoy life equally as well while retired? Or is your prevailing recommendation to live like you're low middle class/ poverty like the leanFIRE people, while shoveling away all excess cash into investments to get to the target fatFI number ASAP? + + +For example, for my wife and I, in 1.5 years time when my wife finishes her training and also becomes a full fledged attending physician, we expect our household income to rise to 800-900K a year. We have children planned (one already on the way), haven't yet bought a house, and both have A LOT of delayed pent up gratification needs/wants. + + +Would it be reasonable for us to spend 300K a year at the income jump, while investing the rest? + + +Or should we still live like low-middle class spending \~100K a year as we are currently, to get to our fatFI goal asap? + + +The difference in time to fatFI would be significant, 14 years while spending 100K/year versus 20 years while spending 300K. + + +EDIT: + + +**Seems like a lot of folks here are easily triggered, jealous or salty as fuck. In a fatFIRE sub of all places. I am not ‘out of touch’.** + + +I grew up with siblings with my father as the sole provider making 60k. I lived like an impoverished student in college, med school, residency, and last year as a first year attending. I took out loans to cover living expenses. There was no possible financial support from family. I have zero windfalls or inheritances that helped me out along the way to get to where I am. There was no networking/lucky connection that allowed me into medicine. All I have earned is what I worked hard for. +So in the 1990's I had the great plan to get $1m liquid and travel the world. Currently I think they would call that Fire or maybe lean/fire. I was not a technical grad with a front loaded income, so I modelled this would take me until 40, but it still sounded pretty good, and certainly "early". + +Then I got a couple of significant fun/challenging promotions, got married and had two kids, bought a couple of houses, etc... + +My current schedule is not driven by FI, as our unearned income is currently higher than our W-2 income. The schedule is determined by keeping the kids in a stable situation. When the second is out of high school, then i will stop working. That would put me at 59. + +From where I started in the 90's, 59 sounds much later than 40, but compared to the traditional "retire at 65" it still sounds early to many. Thus, I think it is still "RE", but it would be interesting to hear from others, what they think is the oldest age that still counts as "retire early"? +Hello + +Pretty young and new to finance + +I see a lot of people here mention how a good portion of their investment portfolio consists of index funds + +What to look for ? Which are good index funds and where to buy them? + +I have gone through the wiki (amazing work bdw) but i wanted a more overall idea + +Thanks +https://the-ken.com/story/journey-to-the-centre-of-easemytrip/ + +This is behind a paywall. But someone has posted a partial screenshot from the page - https://i.imgur.com/OyL5llP.png + +> Nishant Pitti claims his company is the third largest OTA in terms of airline tickets sold in 2018-19, selling over 20,000 tickets daily. But during weeks of extensive reporting for this story, *The Ken* was unable to ascertain any third-party numbers that backed up this claim. *The Ken* also spoke to officials and founders from three of India's largest OTAs. In a space where competitors study and replicate every decimal +percentage of their peers' revenue margins and business lines, none had a clue about EaseMyTrip's market share, business model or modus operandi. + +I think the IPO name is Easy Trip Planners which operates EaseMyTrip. + + +------------------------------------ + +**UPDATE:** More stuff from comments & other places + +**1)** https://www.sptulsian.com/f/ipo-analysis/easy-trip-planners + +> **Corporate Governance Red Flags** +> - Two founding promoters draw annual salary of Rs. 8 cr, plus Rs. 2 cr reimbursement expenses, making Rs.10 cr promoter salary, a very high number on Rs. 40 cr profit. +> - Independent Director and Chairman of Audit committee Mr. Maxy Francis Assis Fernandes resigned from the board on 18th Feb 2020, within 8 months of his appointment. Even the former CFO Mr. Abansi Kant Jha's tenure lasted less than 16 months, between 10th May 2019 to 31st Aug 2020. Company was without a CFO for 5 months before the IPO, between Sep 2020 to Jan 2021 and the current CFO was appointed only last month on 8th Feb 2021. Such senior level changes in the finance department raises many questions. +> - For a corporate which claims to be the 2nd largest OTA in India, audit report being emphasized for delay in payment of advance income tax and GST (in FY19 & FY20) is quite bizarre. + +**2)**https://www.capitalmind.in/2021/03/easy-trip-planners-ipo-review/ + +This unfortunately is behind a paywall, but apparently, they mention inconsistencies in its core earnings +I pay very high taxes. I also have credit cards that I would make a substantial margin on if I paid taxes using these cards on the direct pay tax websites rather than letting my employer withhold income. I'd like to try doing this but am not clear on legality. All the websites I find just address the self-employed population, not salaried workers. + +So is this legal? I'm assuming the government doesn't care as long as you don't underpay throughout the year. Has anyone done it? Thanks. +One of my dreams for post-retirement life is to start my own non-profit. Can I use funds from a DAF to do this? + +The organization would perform legitimate charitable work, nothing shady like giving "scholarships" to relatives or anything like that. However, I would plan to devote quite a bit of time to it and might want to draw a (reasonable, market rate) salary for my efforts. Is this allowed? Any legal pitfalls to watch out for? +Hello everyone, I grew up in poverty and continue to live in poverty to this day. (For reference, I am 20 years old). A large part of the problem is that my dad is not around (and does not contribute financially), and was not around growing up - so that left my mum to raise 3 children on her own. I didn't realise until recently that she earns less than £10,000 a year - I thought she was on £20,000 minimum, so she has made a lot of sacrifices so that my brothers and I could live a life (for the most part) unaware of her financial worries. She has always been quite stressed and would get annoyed over the smallest things (like dirty dishes in the sink) but I never realised that this was due to financial reasons (because I didn't realise how bad our finances are). + +Right now, I'm out of work, although I have worked since leaving secondary school in basic, low skill jobs (mainly warehousing). I got good GCSE grades but dropped out of A levels for several reasons. I've enrolled on a course to gain a foundation certificate in accounting (AAT Level 2) and GCSE maths to improve my grade (I got a B all those years back and since I'm thinking of doing A-levels next year and the college asks for an A grade (level 7) as a minimum requirement, I figure it makes sense to do it). Because I'm poor, both are free or subsidised. + +College is only part-time so I'm thinking of getting a job. I would like to work full time as this would allow me to support my family the most. I'm also looking at volunteering as it interests me. The issue is that volunteering and working would clash (volunteering would be 1-2 days a week, one day in the week and one day on the weekend potentially) but I would assume that a workplace would not let me take days off to volunteer. So I'm thinking that my best option would be to work part-time but this would be a problem because I would not be earning much. + +I suppose that what I'm asking you is what I should do with my life, and how I can help my family. Is it worth going to college for a few years to improve my earning potential or should I just stick with low skill jobs and be happy about it? + +My current plan +Year 1: + +- College AAT Level 2 & GCSE Maths + +- Volunteer for a couple of organisation + +- Improve fitness and try to join army/ RAF reserves for an HR/ Accounting role + +- Work part-time + +- Support my mum by giving her as much money as I can afford, whilst still trying to save some money for the future - I'm thinking of putting some of my earnings into an S&S ISA or LISA. + +Years 2 & 3: + +- College for AAT level 3 OR A-levels (I've heard that the army will pay for you to do A-levels, so I'm thinking that I should do the AAT level 3 and join the army after completing the course and do A levels through the army) + +- Continue to work part-time, volunteer and support my mum. + +How does this plan sound? +\-Shop at GameStop between now (very recent also accepted) and 4/20 @ 4:20PM EST, post a link to your receipt/order confirmation and I will randomly select **TWO** apes to gift a share of GME through ComputerShare. + +\-You must either create or have an existing CS account in order to receive the share. + +Figured I'd throw something out there better than weekend sub/mod drama for a change... YOLO. + +Stay Stonky! -hyperblu + +* All submissions will be reviewed and usernames will be put through a randomizer at the deadline. + +**Edit: I Forgot I have more shares settled in Fidelity to be DRS'd. I'll increase this to two shares and double the odds.** 🚀 + +*If you have made a submission and are not on this list by the last updated time, you* ***MUST*** *DM or tag me to be added!* + +\--------------------------------------------------------------- + +I had a total of 45 submissions and the two winners were selected. + +https://www.reddit.com/r/Superstonk/comments/u86jmz/you_two_have_been_selected_to_receive_a_free_cs/?utm_medium=android_app&utm_source=share +/u/Chas74124 + +Look through his posts -- + +* They're trying to start a witch hunt on someone. +* The Posts themselves receive 100+ upvotes +* The comments always tear him to shreds + +I believe he may be attempting to manipulate this subreddit in someway. I don't understand how he can have so many post upvotes so fast while the comments are completely against him. + +I believe he started the witch hunt for Salm10 and is now trying to start a witch hunt for Prado96. + +[Prado hunt](https://www.reddit.com/r/pennystocks/comments/gmukev/somethin_smells_fishy) + +[Salm10 hunt](https://www.reddit.com/r/pennystocks/comments/ghv282/weve_got_a_manipulation_problem) + + +A new token has been released named ‘Strike’ (**$STRIKE**) and the team are working on an enormous project. I believe this has massive upside potential for both short-term and long-term. The Strike team are creating a blockchain powered Trading/Investment platform called TradeStrike. In this niche, there is a high serious room for exponential growth. A blockchain powered brokerage will allow for tokenisation of all assets, including; Stocks, Crypto, NFT’s and even real estate. Expansion into brokerages that offer multiple different equities is the natural next step. + +There is a high demand for a fair and ethical trading platform, as online trading platforms are experiencing exponential growth and will continue to do so for the foreseeable future. StrikeCoin will be the fuel that powers the platform, being used in all transactions. Below are some key points with the strides STRIKE has made in the early stages. + +**Key Points of Strike:** + +\- 900m Supply, 101m coins burnt 🔥 , 249m time-locked + +\- 73.4% liquidity locked + +\- Great Supply Structure 💎 💎 💎 + +\- Growing community, cheap and low market cap + +\- 3200+ holders + +\- Listed on: + +**CoinMarketCap**: [https://coinmarketcap.com/currencies/strikecoin](https://coinmarketcap.com/currencies/strikecoin) + +**Coinbase**: [https://www.coinbase.com/price/strikecoin](https://www.coinbase.com/price/strikecoin) + +**SolidityFinance Audit**: Approved & extremely positive result ✅ (see below) + +\- The project is in the early R&D phase (Research & Development) - Active roadmap available on: [www.strikecoin.co](http://www.strikecoin.co/) + +\- High demand for a reliable application with lack of competitors/alternatives + +\- Determined, disciplined & transparent team actively available to be reached through discord/twitter. + +\- Loyal holders that won’t allow price to drop dramatically (large dips always get ate) + +\- TradeStrike platform will seek community input and feedback throughout development and ongoing after launch + +\- Discord and telegram groups are non spam; actual discussions, informative and always helpful and +the devs are always active in there. + +\- Currently running Twitter x Telegram **giveaway** for holders of 10k+ coins for continuing remainder of this week! - [https://twitter.com/trade\_strike/status/1386763608084914181?s=21](https://twitter.com/trade_strike/status/1386763608084914181?s=21) + +\- Updated Whitepaper (see below) + +**Competitors:** + +The number of available brokerages in the UK is extremely limited. The main competitors are Trading212, IBKR, eToro. As many have seen there are complaints about all of these trading platforms. + +T212 - restricting OTC buys, slow execution, no afterhours + +IBKR - UI & app not user-friendly + +eToro - no OTC stocks, slow execution, no AH + +Users are seen to be continuously complaining about wanting to leave these platforms but cannot do so because of the lack of options. This can be seen throughout social media, app store reviews and communities. + +**Recent news:** + +**Updated Whitepaper:** Due to several changes and announcements the team went through a thorough revamp on the previous whitepaper. The quality of this is amazing and details the many different aspects of TradeStrike which will be the future of retail trading. Available here: [https://www.strikecoin.co/wp-content/uploads/2021/04/TradeStrike-Strike-Whitepaper-v2.pdf](https://www.strikecoin.co/wp-content/uploads/2021/04/TradeStrike-Strike-Whitepaper-v2.pdf) + +**CoinMarketCap**: have officially accepted $STRIKE on the 14/04/2021. This means $STRIKE should be able to trade on their platform in the near future. [https://coinmarketcap.com/currencies/strikecoin/](https://coinmarketcap.com/currencies/strikecoin/) + +**SolidityFinance audit:** this fundraiser was a huge success; $2000 was raised in LESS THAN 48 HOURS. Well done to all holders and generous donators your support has been amazing! You'll be glad to know that $STRIKE passed with fly colours! Result available here: [https://solidity.finance/audits/Strike/](https://solidity.finance/audits/Strike/). With audit recommendations a further 140m coins were time-locked. + +**AMA announcement:** The Devs will be performing an AMA using Reddit submissions on [r/StrikeCoin](https://www.reddit.com/r/StrikeCoin/) to answer questions from the community and learn more about what the community would like to see from the developers and later the TradeStrike platform. This is the perfect opportunity to hear from them directly the current plans they have in place and in near future. Announcement here: [https://twitter.com/Trade\_strike/status/1387409339749740546](https://twitter.com/Trade_strike/status/1387409339749740546) + +**Catalysts:** + +**Coingecko:** We are awaiting response from Coingecko to have $STRIKE available on their site. This is a one-stop-shop for all information around crypto prices, latest updates, and crypto educational material. The cryptocurrency aggregator site can be filtered into many categories to help sieve through the thousands of coins on the market. Having $STRIKE listed to the site will see an influx of new investors to the coin. + +**Whitebit Listing:** Whitebit is a cryptocurrency exchange app where $STRIKE will be listed in the near future. Fundraiser is active on [www.strikecoin.co](http://www.strikecoin.co/) of $60k for this to happen. + +This will provide huge benefits; + +\- Available to be purchased from 1.5M users + +\- Email 350k users about $STRIKE + +\- Display ads on crypto-related websites + +\- Announcements on whitebit’s social media channels (50k+ community) + +**5000 holder milestone giveaway:** To encourage growth of the coin and reward the community on reaching a massive milestone, when $STRIKE reach 5000 holders, there will be a $500 giveaway to the one lucky holder. So, if you aren’t already holding Strike make sure to get involved! This has been announced on Twitter today: [https://twitter.com/Trade\_strike/status/1387408979488354305](https://twitter.com/Trade_strike/status/1387408979488354305) + +**Interested? then join the $STRIKE community:** + +**Available to purchase through Pancakeswap (v1):** + +**$STRIKE address:** 0xbe2a26889ce30a1515055a192797083b1fde8844 + +**Remember to use 0.05 – 0.1% slippage!** + +**How to buy(Metamask):** [https://www.youtube.com/watch?v=b1gv3\_GAXBU&t=20s&ab\_channel=TradeStrike](https://www.youtube.com/watch?v=b1gv3_GAXBU&t=20s&ab_channel=TradeStrike) + +**How to buy(TrustWallet):** [https://www.youtube.com/watch?v=KALhl7K-5fA&ab\_channel=TradeStrike](https://www.youtube.com/watch?v=KALhl7K-5fA&ab_channel=TradeStrike) + +&#x200B; + +**Charts:** + +[**Poocoin**](https://poocoin.app/tokens/0xbe2a26889ce30a1515055a192797083b1fde8844) + +[**DexGuru**](https://dex.guru/token/0xbe2a26889ce30a1515055a192797083b1fde8844-bsc) + +[**GoSwapp**](https://goswapp-bsc.web.app/0xbe2a26889ce30a1515055a192797083b1fde8844) + +&#x200B; + +**Socials:** + +**Website:** [www.strikecoin.co](http://www.strikecoin.co/) + +**Discord (1.1k+ members):** [https://discord.gg/N2vSpkQdeT](https://discord.gg/N2vSpkQdeT) + +**Telegram (2k+ members):** [https://t.me/strike\_coin](https://t.me/strike_coin) + +**Twitter:** [https://twitter.com/trade\_strike1](https://twitter.com/trade_strike1) + +**Reddit:** [https://www.reddit.com/r/StrikeCoin/](https://www.reddit.com/r/StrikeCoin/) + +**TradeMedium:** [https://tradestrike.medium.com/audit-passed-140m-additional-coins-locked-6341d62e74d2](https://tradestrike.medium.com/audit-passed-140m-additional-coins-locked-6341d62e74d2) + +**Blockfolio:** [https://blockfolio.canny.io/coin-requests/p/wwwstrikecoinco-1](https://blockfolio.canny.io/coin-requests/p/wwwstrikecoinco-1) + +**Business email:** [tradestriketeam@gmail.com](mailto:tradestriketeam@gmail.com) +**UPDATE** Thank you so much to everyone who reached about the question! +In the future to TL;DR this thread, the answer to finding a Financial Advisor that is a CFP without having a friend/family member recommend someone directly....is to go the the CFP board website to narrow down the search in your area. You can also look up 'fee only' CFPs on the Garrett Planning network, but keep in mind those advisors pay to be on the Garrett List. Alternatively you could potentially go to your bank or credit union and ask for one. You can also ask here, you will get names PMed to you (make sure you do your own due diligence on anyone you will work with). You might also be able to go thru Vanguard (online only) or Fidelity (has physical offices). If in the UK you can try unbiased.co.uk + +Thank you to those who gave recommendations on what to do with the money, although this was not the point of the thread. I had already known that if I take money out of the IRA it will be taxed heavily (for me ~28%), I didn't realize there may be an additional early withdrawal penalty of 10% as well. So for those who say 'its a wash, just pay off your student loans', that advice **DOES NOT APPLY IN MY CASE** and to those of you who are sending me concerned messages **I WILL NOT BE PAYING OFF MY STUDENT LOANS WITH THIS MONEY.** There is no way I would lose 40% of the money to pay off a 6.55% interest loan. My mom's retirement funds will go to boost my own retirement funds, and allow me to not worry about my own retirement (except for my employer match) for a few years until I've paid off my student loans on my own. + +People kept asking me my basic numbers which is why I posted them, I think that by posting those it lead the thread away from 'how do I find a CFP'? towards 'do XYZ with your funds'. That was my fault, I'm going to edit that portion of the original thread. + + + +**original post** +* My mother recently passed away unexpectedly leaving me with a moderate amount of retirement funds (~300k to be split evenly with my sibling). They are currently in a mix of an annuity, stocks, and an IRA. + + +* She already has a financial advisor with Edward Jones, who charges 1.35%. He's ok, but I would like to weigh my options. The thing is I have no idea how to find a different one. Every reddit post just says 'you don't need a financial advisor unless XYZ', well now that I do fit into the XYZ criteria and actually need one, I don't know how to find one. + + +* I think i am looking for one that charges fee based rates rather than percentage rates. Who can aggressively grow my retirement funds, is a CFP, and ideally won't charge fees on some funds that were grandfathered in (she already paid commission on some mutual funds (~50k worth) and Edward Jones will not charge commission if I leave the mutual funds alone or move them around in the 'same fund family'. I asked if other advisors would do the same (IE is that the law or an incentive to stay with EJ?) and he did not give a clear answer. + + +* I know I can ask friends and family but that has only generated one lead so far. +So I did what was (in hindsight) a pretty silly thing. During COVID I purchased an expensive car ($45K) - half with my own money and half loan. I earn a six figure salary, and at the time I was still living with parents - so the outlook on true life expenses was skewed severely. + +I've since moved out (renting) and I am finding that on top of $300 rent per week, another $200 per week on the car is pretty painful. My ability to save, along with all other life expenses is hindered. + +I have a lot of savings so I am not worried, however I am about to start my investment journey in property, this is something I've wanted to do for a long time, and now I am finally ready. + +Moving out and renting has injected a lot of perspective into my life, so I am eternally grateful for that. The thing is, I love the car dearly. One part of me does not want to let go, and another part of me knows it doesn't really make logical sense to have it considering my upcoming life goals. + +I think I know what I need to do, even if I need to pay a early termination fee, but still wanting to check with you nice folk for some reassurance. + +What do you think? Cheers. +So today I got a message from the housing manager for the estate I’m renting in. To renew my lease they want just about an extra 10% per week on what I’ve paid in the last year. + +I know housing prices and rents have gone up in the past year but I haven’t been following things all that closely, is this in line in what others have been seeing this year? + +I plan to do some research tomorrow to see if the new price will be in line with others in my suburb, but given they’ve not needed to do anything to the house in the year I’ve been here and not had to deal with me really at all, just seems like it’s a bit of a greedy reach. + +For context it’s a 3 bedroom townhouse in a suburb bordering forest lake, rent was 340 a week and now they’re asking 375 a week. +I want to be able to trade as many products as I can, but I also don’t want to be limited by strategy selection, like stuff like being barred from higher level options/PDT rules etc +I don’t know if these are the right questions to ask, + +but what platform do you guys prefer? +I’ve noticed lately that my stocks seem to only go up immediately after I write covered calls against them. For example I wrote cc’s against my Exxon yesterday morning and Bank of America earlier this week. I’ll be writing some calls on Ford today so I’m assuming it’s about to blow up. +edit: PSA - [This is our best chance to date!](https://www.reddit.com/r/Superstonk/comments/pn1od0/calling_american_apes_to_action_this_is_our_best/) \- u/No_Progress_7706 + +edit2: [Might be moass trigger](https://www.reddit.com/r/Superstonk/comments/ppi9bd/psa_in_case_you_still_have_any_doubts_about_drs/) + +Got a tip from anon ape pointing towards something like CDOs that were responsible for the 2008 collapse. Here's a [video](https://www.youtube.com/watch?v=EEXTqtH-Oo4) of the CDO dude in The Big Short explaining Collateralized Debt Obligation (CDO). + +https://preview.redd.it/ptcpav6es4n71.jpg?width=612&format=pjpg&auto=webp&s=3c95c70adc9d91f700f4e9c4dd6610fd1ad15165 + +# Say hello to Contingent Coupon Callable Yield Note + +[https:\/\/www.investment-and-finance.net\/finance\/c\/contingent-coupon-callable-yield-note.html](https://preview.redd.it/2pjiuwcmk4n71.png?width=980&format=png&auto=webp&s=34375a1b619fbbb4a5b08e26598e7c9b943a91db) + +Basically, just like in the movie, it's dog shit, wrapped in cat shit, or in this case, **equity indexes** \- wrapped in a **contingent coupon callable yield note** \- where the c**oupon is linked to the performance of the worst of three.** + +**These indexes or stocks are represented as** ***"underlyings"*** and can be things like NASDAQ 100, RUSSEL 2000, and the S&P 500 Index in a same box. + +[This is a filing](https://www.sec.gov/Archives/edgar/data/1053092/000095010321013821/dp157741_424b2-u6153.htm) by Credit Suisse from September 10 2021 (thanks anon ape) + +[due 2026? Who makes a 5 year bet?](https://preview.redd.it/dt0xqcn0m4n71.png?width=1894&format=png&auto=webp&s=cff3e29c678b4d332756b4410c9bdc82c1883309) + +Here are the underlyings for Credit Suisse in their filing from 2 days ago: + +https://preview.redd.it/myx4x6m4m4n71.png?width=1611&format=png&auto=webp&s=39660ca4d5cee0e0b41fafcf0510cb401cacad3c + +* [Citi is being sued](https://www.bloomberg.com/news/articles/2021-08-24/citi-sued-for-profiting-from-fund-s-demise-as-covid-struck) +* Comerica Inc - [Citadel and D.E. Shaw like the stonk](https://finance.yahoo.com/news/hedge-funds-dumping-comerica-incorporated-133824890.html#:~:text=D%20E%20Shaw%2C%20Citadel%20Investment%20Group%2C%20and%20Millennium%20Management%20were%20also%20very%20fond%20of%20the%20stock%2C) +* First Horizon Corp - [Citadel likes the stonk](https://finance.yahoo.com/news/hedge-funds-think-first-horizon-125808648.html) \- [more](https://formthirteen.com/filers/0001423053-citadel-advisors/holdings/320517105?quarter=2019-03-31) + +Here's [another one from Credit Suisse](https://www.raymondjames.com/pdfs/structuredproducts/2021_09_22552xv34.pdf) \- September 3rd 2021, due 2024 + +[what the hell are these bets?](https://preview.redd.it/899j1hrjr4n71.png?width=712&format=png&auto=webp&s=75d3de0dcb448359255d026a652805ba187a07e5) + +I have no idea what the hell this means, but here's a bunch of these filings so other apes can search + +[https://www.raymondjames.com/wealth-management/advice-products-and-services/investment-solutions/fixed-income/fixed-income-offering-disclosure-documentation-information/final-offering-documents](https://www.raymondjames.com/wealth-management/advice-products-and-services/investment-solutions/fixed-income/fixed-income-offering-disclosure-documentation-information/final-offering-documents) + +And the last thing I'll mention is that all these filings are *"Filed Pursuant to Rule 424(b)(2)."* In my [post](https://www.reddit.com/r/Superstonk/comments/pmtqig/cellar_boxing_cme_citadel_citi_apex_apollo_and/?utm_source=share&utm_medium=web2x&context=3) earlier I touch on *"Rule 424(b)4"* + +[could be nothing, just thought I'd mention](https://preview.redd.it/3da84qult4n71.png?width=611&format=png&auto=webp&s=39dd95886b56f0c01c2c773d9fdf8fa08fd8f1e3) + +[Is Citadel doing this too?](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) +EDIT: before you reply with “easy, just cancel the card and get a new number” you need to read the whole thread, it’s not that simple at all + +So here’s an interesting one for anyone that enjoys Kafka-esque situations. I’ve been having getting unauthorized audible subscription charges to my credit card for about 6 months, I called em, explained the situation and they refunded the charges (using the reference on the charge to find em) but then I kept getting the charges, so I call em again and they refund again, this time I explicitly ask them to remove my credit card from this other account, but they said they can’t because I can’t authenticate the account to allow them to get in and remove it. They can’t tell me who owns the account, but it’s weird because they did tell me the credits aren’t being used ie the account is not active. So I asked what they recommend and they said report to credit card issuer and get a new card number, which I did. But again the charges keep coming (I think there’s some hidden trick which allows companies to get the new number - I guess for when expired cards get reissued). Anyway I’ve tried calling audible, emailing, tweeting em and every time the answer is the same - “this ain’t your account so we can’t do anything”. Last resort would be to tell credit card company to block audible, but my wife actually has an audible account charged to same card (it’s an amazon prime card issued by chase) but don’t really want to do that since I think this is audibles problem to fix, and I kinda wanna teach them that their processes are broken for situations like this. + +Sorry for the ramble - any thoughts? +[I hope this is intelligible... I'm sleep deprived and submitting this from my phone] + +EDIT: *In this case, luck is a technical term. If a block is found earlier than statistically expected then it's good "luck", later is bad luck. Larger pools find more blocks so "luck" averages closer to neutral, which is desirable,* **while difficulty is increasing.** + +Mining is expensive and Miners need to maximize profit in order to pay the bills and return-on-investment, ROI. +"Why don't you just mine with slush/p2pool/solo??" +Because of variance in the time between blocks, variance in luck. The difficulty is increasing so dramatically that avoiding variance is critical to insure profit. In a perfect world, difficulty would be static and mining solo would statistically be as profitable as mining with a pool, over a long enough period of time. As things are, it's significantly less profitable to mine at a small pool, and forget about ROI if you mine solo. Think about it: a small pool might not find a single block between difficulty adjustments! Even a medium sized pool will sometimes find fewer-than-expected blocks during a difficulty window, which, technically, sucks. + +While the difficulty is increasing mining farms will gravitate to the pool with the largest hashrate. It doesn't help that btcguild is charging fees and eligius is run by a religious fanatic. Also, ghash merge mines ixc + dvc which is not insignificant for a large farm. +Imo p2pool needs to be as easy to use as any other pool. No Python, nothing special, cevidad and lukejr need to make cgminer/bfgminer do everything behind the scenes. This is the only solution to large pools. +STEP 1- CHANGE THE MINING SOFTWARE TO MAKE P2POOL AS EASY AS ANY OTHER POOL. +STEP 2- PUBLICLY ANNOUNCE A DATE OF RELEASE TO ALLOW POOL OPERATORS TO PREPARE. WE ALL NEED TO SWITCH SIMULTANEOUSLY IN ORDER TO MAINTAIN LOW VARIANCE. +(BONUS POINTS IF MERGED MINING IS BUILT IN.) + +Tl;dr for all intents and purposes, there is no competition for ghash.io +https://www.bloomberg.com/news/articles/2019-12-01/the-way-out-for-a-world-economy-hooked-on-debt-yet-more-debt + +Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina. + +A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth. + +Much of that legacy stems from policy makers’ deliberate efforts to use borrowing to keep the global economy afloat in the wake of the financial crisis. Rock bottom interest rates in the years since has kept the burden manageable for most, allowing the debt mountain to keep growing. +Not sure what fee base account he will suggest in our upcoming meeting but is this a good move? Anything I should be aware of? Pro/cons? + +Update: They are no longer recommending a fee based account and actually want to move my Roth IRA from Hartford to a similar provider Voya. Their reason for the move Voya is that it offers more investment choices and no front end charges like Hartford charges (4.50% of each deposit). It does have an annual record keeping fee of 0.55%. What do you guys think? +2.5 years here waiting to be hired. Right now I am making 29.50/hr. The offer says I will be making 37,500 a year, thats roughly 18/hr. Obviously I can't accept this. My wife makes minimum wage and I have 3 kids and student loans. This is insane right? Is this level of a drop common practice? + +Update: Thanks for all the advice and info everyone. Turns out it was a mistake, HR told my boss I made 30k a year not 30/hour so he was trying to bump me to 37.5k a year. I signed an offer for 60k a year today! +Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will generally face a higher late-filing penalty. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty (FTF), is assessed when a Taxpayer fails to file a tax return or request an extension by the return due date. This penalty, which only applies if there is unpaid tax, is usually 5 percent for each month or part of a month that a tax return is late. + +If a tax return is filed more than 60 days after the July due date -- or more than 60 days after the October due date if an extension was obtained -- the minimum penalty is either $435 or 100 percent of the unpaid tax, whichever is less. This means that if the tax due is $435 or less, the penalty is equal to the tax amount due. If the tax due is more than $435, the penalty is at least $435. The late-filing penalty will stop accruing once the taxpayer files a complete and correct return. + +The FTF penalty does not apply to the Taxpayers who met this year’s July 15 deadline to file their individual tax return. It also won’t apply to the Taxpayers who asked the IRS for a six-month extension of time to file, as long as they file by Oct. 15, 2019. + +In addition, the IRS urges Taxpayers to pay what they owe to avoid additional late-payment penalty and interest charges. The late-payment penalty, also known as the failure-to-pay penalty (FTP), is usually 0.5% of the unpaid tax for each month or part of a month the payment is late. Interest, currently at the rate of 5 percent per year, compounded daily, also applies to any payment made after the original July 15 deadline. + +After a return is filed, the IRS will figure the penalty and interest due and bill the taxpayer. Normally, the taxpayer will then have 21 days to pay any amount due: https://www.irs.gov/individuals/understanding-your-cp14-notice + +If you are claiming a refund on your federal return and filing late, there is generally no penalty or interest charge. + +[Source](https://www.irs.gov/newsroom/irs-highlights-higher-penalties-for-some-tax-returns-filed-after-sept-14), at IRS.gov. + +[Common penalties for individuals](https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest), at IRS.gov. +A new amendment was introduced last minute that would make it essentially illegal to participate in PoS networks, or running a Lightning Network node. + +Ask your senators to vote YES on Wyden-Lummis-Toomey amendment to the infrastructure bill, and vote NO on the Warner-Portman amendment. + +I said something along these lines when I called: + +>I’m calling today to ask that Senator [Name] vote YES on Wyden-Lummis-Toomey amendment to the infrastructure bill, and vote NO on the Warner-Portman amendment. +> +>The Warner-Portman amendment would ensnare regular citizens of [state] in a regulatory hell of being forced to register as brokers rather than just as investors. This would be functionally impossible to do and would deprive [state citizens] of legitimate investment opportunities. The language will not bring in any extra tax revenue…the only effect it will have will be to drive innovation and profits in the most innovative area of finance overseas, depriving citizens of [your state] of jobs and punishing them for making regular investments. +> +>Please vote YES on Wyden-Lummis-Toomey amendment to the infrastructure bill, and vote NO on the Warner-Portman amendment. + +Info on the amendment: https://twitter.com/jerrybrito/status/1423429377459736577 + +Your senator’s phone number can be found here: +https://www.senate.gov/senators/senators-contact.htm + +#Even easier: https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/ + +This website directly connects you to your senator with a script you can read off of! + +Save crypto, do your part. +As per title. + +If you see a Psychologist for issues like grief, anxiety/social anxiety, anger management or ADHD can it ever limit your career options? Has it ever happened to you or anyone you know? + +For example - are any of the above reasons ever likely to exclude someone from jobs areas like the Police, Emergency Services or Hospital work? Or anything else? + +Thanks +Hello, +I have always been interested in trading but do not know where to start. + +My first question is which markets I should start trading on? Crypto? Futures? Forex? Which place is best to start for a beginner that does not have a lot of money saved up? + +Secondly, which strategies has worked for the successful traders in this community? I have no idea whether I should try to trade based off patterns, use a bot that sends me a notification when a certain criteria is met, etc. I understand how naive or ignorant this post may sound becuase I am a complete noob. + +Basically, I am hoping someone could point me in the direction of where to start with around $1000. What tips/advice would you give yourself when you just started out and which market is easiest to understand for a beginner? Knowing where to start is very overwhelming to me and any help is greatly appreciated. I am 25 and live in the USA. + +Lastly, I'm not looking to get rich quick or just throw my money out there expecting to be profitable right away. I know this takes time and needs to be taken very seriously. I'm trying to make a decision on which market to start off in, in terms of which market is easiest for a beginner to understand and which strategies have the most chance for success. I'd be extremely happy to make $50-100 per week after developing a strategy. TIA! +I (28F) have been reading up on personal finance for awhile, and have long known that my RSU-heavy net worth is 100% against best practices. However, this patently unwise strategy has netted me \~300% appreciation in the 5 years I've been at my company, so it's hard to let go (I know, I know). The other FIRE communities have not resonated with me, because frankly I don't care to be judged for spending money, but I thought you folks might have some good advice on this front. + +After a nice end of year raise (240k to 280k TC), and a December vesting that brought me to $450k NW, I am now 48% of NW in a single company's stock. I know this is **totally** **insane**. I will point out that this is not uncommon at my company, and it is also after taking out \~$50k over time for rebalancing (all diversified stock would currently be a "loss" compared to how the company stock has done). + +I'm looking for guidance on next steps here. I obviously need to diversify my exposure. Historically I have used a robo-advisor (90%) and high-yield savings account (10%) to do that, but I'm open to other investments as well. Some considerations: + +* I am generally risk averse-I work for a big corporate, I've seen great income growth here and expect that to continue (I started here at $125k 5 years ago). I expect to pursue an executive track career path, but do hope to be generously FI by 45/50 (would probably still work tbh). +* I have a lot of bias against selling my stock. It's done really well for me, and I know I will always try to keep as much as I can get away with. +* I live alone in SF and have rent control. I will probably not buy a home until I can afford something in the $1M+ range (pending time, raises, possible SO). +* I am not very interested in high maintenance investments like rental properties, but am not 100% firm on that. +* I am vaguely interested in angel investment, and may have some credible opportunities, but fully acknowledge any money I put into that may likely be 100% loss. No more than $30-50k would go into this. + +How would you think about this rebalancing scenario if you were me? More specifically: + +* How much stock would you cash out? High/Low scenarios? +* Where would you put it? High yield savings, robo-advisor, angel investments, personal brokerage account, anything I'm not aware of? +* What are some pros/cons/tradeoffs of these options? + +Thanks! + +**Morning Edit:** I went to bed after posting this, thanks for all of the great advice and feedback everyone! It is refreshing to see a more nuanced approach to this problem, acknowledging that concentration can be a driver of wealth, as well as an obvious liability. It is very helpful to see more seasoned perspectives on the market as well, being a summer child that hasn't experienced a major downturn yet. I will probably target selling \~20%+ of my stock this year, mostly converting into index funds/ETFs. I will revisit/reassess that strategy often. + +I also realized that my assessment of myself as low risk is pretty outdated, probably from when I was first looking at personal finance awhile back. As I've built up more assets, I've become more curious about "interesting" things I can do with them (like angel investing or buying individual stocks). Fully aware that this is play money/gambling and wouldn't put too much into it (<$50k). + +Thanks again everyone! Super helpful info and a great inspiration as well! +I'm 28 years old with $446,000 net worth all in VTSAX type investments in brokerage accounts, 401k, and roth ira. I've lived with my parents missing out on A LOT doing so so I can reach this milestone early. It's been at the cost of not traveling, partying, etc. I drive an ugly 2009 Toyota Camry and live a non-lavish lifestyle. If you saw me you'd think I was some hobbo. + +I do get family and friends who tell me though that I could die tomorrow and can't take all this money to the grave. Which isn't my intention. My intention is to retire early possibly at 35-40. How do I respond to them? Are the correct? What's everyone's thoughts? Did I waste my 20s doing this? +2020 was a bumper year for tech IPOs. Companies like Snowflake, Airbnb, Doordash and Palantir\* have been standout IPOs this year. Snowflake’s IPO was the biggest US software IPO in history while Palantir’s stock price has more than doubled since going public in September. + +It looks like this IPO trend could continue well into 2021 with some of the biggest names in tech expected to go public. Here are 5 of the most anticipated IPOs for 2021. + +***\*Note:*** *Palantir went public via a direct listing, not an IPO.* + +### 1. Robinhood + +The stock-trading platform looks set to go public in 2021. + +2020 has been a massive year for Robinhood. In Q2 of 2020, they made revenue of $180 million. Up from $91 million in Q1 of this year. Revenue growth of 100% in a single quarter is incredibly impressive. + +Robinhood hasn’t been without controversy this year. Many people cite the app’s popularity as a big contributing factor into the high market volatility we’ve seen. + +Robinhood’s growth plans seem to be centered around providing more financial products to its US customers, as opposed to expanding into international markets. It launched Robinhood Crypto in 2018 and a 1.8% interest rate savings account in 2019. This was around the same time that plans to launch in the UK and Australia were postponed. It will be interesting to see how this growth strategy plays out and if international expansion gets a renewed focus in the future. + +All of the signs seem to be pointing to an IPO in the first half of 2021. A Reuters report states that Robinhood have partnered with Goldman Sachs to begin IPO preparations at an expected valuation of over $20 billion. + +### 2. Gitlab + +While not a household name, Gitlab is an impressive company that looks set to go public in 2021. Gitlab is a SaaS company that markets a DevOps platform which allows their customers to build software more efficiently. + +Gitlab is an interesting company to say the least. All of its employees are fully remote. Meaning that Gitlab doesn’t have a corporate office and employees can work from anywhere in the world. Gitlab is a proponent of the “open-source” software model and sells its software under an “open-core” business model. This is where the core functionality is released under an open-source (MIT) license while the additional functionality is under a proprietary license. + +Gitlab’s business has been performing very well. When it last raised money in September 2019, it announced that its revenue growth rate was 140% year over year. In January of 2020, Gitlab hit an annual revenue run rate of $120 million. + +Gitlab had originally planned on going public in November of this year. But in May, they decided to hold off on these plans due to the uncertain economic outlook at the time. However with the recent performance of tech IPO’s, you can expect that they will be going public sooner rather than later. + +Gitlab is currently valued at over $6 billion, after shares were sold in the secondary market in September of this year. That’s more than double its valuation when it raised money in September 2019. + +### 3. Stripe + +Stripe is a SaaS company that provides payment processing services and other financial products to businesses of all sizes. + +Stripe is one of the most valuable startups in the world. Its most recent round of funding valued the company at $36 billion. + +Revenue numbers are hard to come by for Stripe, but a recent interview with co-founder John Collison shows the scale of the business: + +>*Mr Collison said that 200,000 new businesses have signed up with Stripe since March. “Those businesses, since March, have already processed more than $20 billion in revenue,” he said.* + +Stripe typically charges 2.9% per transaction. So a back-of-the-envelope calculation shows that Stripe earned almost $600 million since March **ONLY** from companies that have signed up to Stripe since March. Their actual revenue numbers are obviously much higher. + +There is no hard evidence that Stripe will go public in 2021. In fact, in the same interview, Mr.Collison stated that “We have no plans to IPO”. However, a recent major partnership with Salesforce and the hiring of a high-profile CFO from General Motors seems to signal that an IPO might not be too far off. + +### 4. Bumble + +Bumble is a dating app with a twist - on Bumble, only women can make the first move when a man and a women ‘match’. + +Match Group (owners of Tinder) are the major player in the online dating space. But Bumble seems to be catching up. Bumble posted revenue of $240 million in 2019 and has 100 million users as of 2020. + +Bumble’s growth strategy seems similar to that of Tinder in that it offers premium features such as “Bumble Boost”. But a key part of their growth strategy also seems to be to move outside of just dating. They recently launched two major products; BFF helps you to meet new friends while BIZZ helps you to network more effectively. + +According to a Bloomberg report, Bumble just recently confidentially filed for an IPO in February 2021. The expected valuation range is $6-8 billion. + +### 5. Instacart + +2020 has been a massive year for the grocery-delivery company, Instacart. + +Similar to other delivery companies like Doordash, the pandemic brought on a massive spike in demand for Instacart. In March, order volume on the platform jumped by over 500%. + +Instacart’s valuation has grown in line with its order volume this year. It grew from $7.9 billion at the beginning of 2020 to more than $17 billion by October. + +Instacart looks set to be planning an IPO for 2021. A recent Financial Times report stated that the company is consulting with banks ahead of a potential IPO in early 2021. + +&#x200B; + +What IPOs are you most excited for in 2021? +For many years, we have been locked into the "work/save/invest" ethos. It has worked to the tune of $2.6mm in investments with an annual spend of $85k. I am mid 40s while she is late 30s. + +In an interesting twist of fate, I find myself unable to hit the stop button on the career that helped build our war chest. I do not particularly love it and I am more than a little surprised that I cannot walk away. Granted, there is some underlying fear but I cannot identify it. More than anything it could be the social aspect of the job (and the free car & expense account?). Travel, reading, painting, hiking, sporting events, daily exercise and volunteering all hold great appeal for us so there would not be a lack of things to occupy our hours. + +Further, in order to make our spending more predictable, we recently scaled down in our LCOL area to a 1900 sq ft townhome from our 5000 sq ft mcmansion. We have no kids so, mostly, we had a lot of wasted space. That being said, it was wonderful to host parties and family over holidays. I severely miss the comfort of movie nights in our theater room & the ability to welcome friends (while maintaining room to breathe). I know -- 1st world problems to be sure. + +Given my inability to accept the "RE" piece of FIRE, I am considering a few more years of toil in exchange for long term comfort of a larger home. Spend will obviously jump to 100k or so and the wildcard of travel can always be reigned in (it's around 20k of our 85k spend now). If we were not in the snowbelt then retooling our housing (again) likely would not matter -- we are and it does, more than I ever imagined. + +We welcome all opinions on how you would handle this. "Am I crazy for going in reverse?" may be the actual question here. Thanks for giving this a read. +https://www.reuters.com/article/us-costco-wholesale-results/costco-beats-estimates-as-high-covid-19-costs-weigh-on-shares-idUSKCN26F3IH + +(Reuters) - Costco Wholesale Corp COST.O recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company's shares down 3% in extended trading on Thursday. + +The warehouse chain spent about $281 million on employee bonuses and sanitizing its warehouses in the fourth quarter, mirroring a trend of rising costs across U.S. retailers during the health crisis. + +Costco had estimated in May that COVID-19-realted costs would exceed $100 million, but would be lower than the $283 million incurred in the prior quarter. + +“$281 million is over $100 million but quite a bit larger,” Chief Financial Officer Richard Galanti said on an earnings call. + +The company cited the $2-an-hour premium paid to employees as a factor for the jump in costs. The bonus costs Costco $14 million a week. + +“We’ve committed to doing that at least through, I believe, the first eight weeks of this fiscal quarter,” Galanti said. + +Several U.S. retailers, including Kroger Co KR.N and Amazon.com Inc AMZN.O, have come under fire for stopping hazard pay for their workers. + +Higher demand for fresh produce, appliances and gardening and sporting goods helped Costco’s total revenue climb 12.4% to $53.38 billion in the quarter ended Aug. 30, beating the average estimate of $52.08 billion, according to Refinitiv data. + +Traffic at the warehouse chain, where customers typically buy items in bulk at lower prices, also ticked up in the quarter, after declining about 20% in April, as COVID-19 restrictions eased and it brought back food samples. + +Revenue from memberships rose 5.3% to $1.11 billion, while online sales nearly doubled. + +Excluding items, Costco earned $3.04 per share, beating estimates of $2.84. +I’ve been setting CSP with ~3 weeks DTE on blue chip stocks. For CSP trades, I can clearly see my profit progressing every day where stocks goes up or not. As long as it does drastically dip down I see profit scaling up everyday (due to theta). However, Ive never experienced this profit progression with put credit spreads even when stock slowly moves in the desired direction. How does one makes money score expiration from credit spread. I understand that when both the legs expire otm I keep the full premium, but I would like to under how profit progresses from the day I open a credit h til before the expiration. What I can expect with credit spreads? +Shiba Inu is on Coinbase. WHY?!!? There are so many other projects - ERGO, NANO, LUNA, FLOW, etc etc etc that are solid projects with huge potential and Coinbase is thinking.... NAH, give me the one with 1 QUADRILLION coins because it has a puppy dog on it. All these actual world changing coins sitting in limbo waiting for the masses to turn eyes to it, and Coinbase is playing games, helping people throw their money away. Does Coinbase even share their selection process and why they choose the coins that they do? Because the fact that Doge and Shiba Inu exist on Coinbase before dozens of other real projects is truly disheartening. +People have probably already preached here about Mr. Money Mustache, but [this article](https://www.mrmoneymustache.com/2014/04/22/brew-your-own-cider/) made me realize the gorgeous overlap that exists between /r/financialindependence and /r/prisonhooch (and a few of my other favorite subreddits). Want to make your own booze but not spring for expensive /r/homebrewing equipment? Literally buy a jug of juice and pour wine yeast into it. That's all you need. Cider? That's just two week fermented apple juice with six months of aging. Raspberry wine that mixes amazingly with sodas and desserts? Go have a pick your own day with the family and ferment those bad boys. + +&#x200B; + +Similar hobbies I have that I have adapted for more min/maxed expenses: + +* Handmade ultralight hiking gear with the help of /r/myog +* Miscellaneous sewing projects from thrifted fabrics +* Garlic prices are insane and you're a helpless foodie? No problem, learn to forage alliums at /r/foraging +* Gyms are closed/too expensive? Spend some time with your youtube yoga waifu (mine is YogaWithAdriene) + +&#x200B; + +What are some of your methods for keeping up with hobbies without going overboard on spending? Or do you prefer to narrow your interests and go all out on one or two things? Could you see yourself enjoying yourself with one method over the other? +This post lays out the data and business logic that suggests GME's NFT Marketplace will be far more successful than Opensea. First we will briefly explore Opensea and compare it to what we know about GME's NFT platform. + +# Opensea describes itself as the largest NFT marketplace, where users can trade all types of NFTs (art, music, gaming). + +Opensea started seeing massive success when the NFT market exploded in Feb. 2021. In late November, talks of another round of venture investment and a possible IPO set its valuation at $10 billion, which suggests investors see lots of money to be made in this space. In the past year, Opensea has done about $1 billion in revenue [(Forbes article source for this paragraph).](https://www.forbes.com/sites/jeffkauflin/2021/11/23/what-every-crypto-buyer-should-know-about-opensea-the-king-of-the-nft-market/?sh=52cbf88c2f89%20https://www.forbes.com/sites/jeffkauflin/2021/11/23/what-every-crypto-buyer-should-know-about-opensea-the-king-of-the-nft-market/?sh=52cbf88c2f89) + +[A tweet highlighting OpenSea's Gross Merchandise Volume \(GMV\)](https://preview.redd.it/w6mimjvy3l481.png?width=1326&format=png&auto=webp&s=fa0433149b666e17ce1aae4d214b431e22e9cd6e) + +OpenSea became so successful with only a few million dollars in cash, whereas GameStop still has $1.4B in cash even after recruiting hundreds of tech talent from top companies. + +[Source: https:\/\/twitter.com\/GMEshortsqueeze\/status\/1468727950984032256](https://preview.redd.it/9b4urbd6cl481.png?width=898&format=png&auto=webp&s=046f1709979806853f975df592d16763801b169e) + +&#x200B; + +According to data from Dune Analytics, **Opensea currently has 200,000 active monthly users (photo below), which means each user is being evaluated at $50,000** ($10 billion / 200,000 users = $50,000 per user). + +&#x200B; + +[Source: https:\/\/dune.xyz\/rchen8\/opensea](https://preview.redd.it/mwjlav7r1l481.png?width=919&format=png&auto=webp&s=2a1fe57e6eca697a4e3451b9973788d419885c85) + +Given that SuperStonk has over **700,000 members,** many of which are eager for the NFT Marketplace to launch so they can try it out, plus **GameStop's brand loyalty & their 55 million Power Up Reward members worldwide** (who pay $15-20 each year to be a member), it could be argued that GME's NFT marketplace could easily surpass Opensea's numbers within a few weeks or in an even shorter timespan. + +# But why will GameStop's NFT marketplace be better than Opensea's when Opensea had first-mover advantage? + +Because GameStop has *second-mover advantage* \-- they studied what Opensea did well, where they're lacking, and came up with solutions to solve major problems that current Opensea users face. + +Look at the Tweets from GameStop Director of Product Dami Amabile: + +https://preview.redd.it/zd9dxqvy4l481.png?width=1014&format=png&auto=webp&s=f60866475fa850e0569d8a388722861509f97573 + +Dami lists two problems with Opensea: high gas fees & difficult conversion funnel for setting up a wallet. These two problems result in less people participating in Opensea's marketplace. A third problem that the Forbes article above hinted at is Opensea's Customer Support team is struggling to keep up with the high demand of support requests, so they're currently trying to hire more support staff. + +# GameStop's NFT platform will solve all three of Opensea's problems. + +**Problem 1: High gas fees.** GameStop chose to partner with Loopring, a ZKrollup protocol, because it will eliminate gas fees. Imagine having to pay $100 just to buy a $10 sandwhich. That's what it's like on Opensea right now. GameStop's NFT Marketplace will be 400x less expensive than Opensea because it will have $0 in gas fees according to Loopring Founder Daniel Wang, [who said this during EDCON 2021 in August.](https://medium.loopring.io/counterfactual-wallet-nfts-on-loopring-229d38a3c28a) I'll explain in the comments how Loopring's technology allows for $0 gas fees on layer 2 for those who are curious, but how it works is not important for this post. + +&#x200B; + +https://preview.redd.it/wsvd8fel6l481.png?width=2242&format=png&auto=webp&s=ef5284cf2b7dad53c61f62c001e05040af3443c0 + +In the next paragraph, Daniel Wang says they're working with a "premium owner" to launch a successful marketplace in Q4 and with "a lot of other stuff." This post won't go into all the hints that suggest GameStop is the premium owner since most of us know this already. + +&#x200B; + +[Loopring posted this on LinkedIn on Oct. 28, 2021. Notice this post also mentions Counterfactual Loopring Wallet, which will be discussed later. ](https://preview.redd.it/oey7o01tal481.png?width=1304&format=png&auto=webp&s=25b62e237981716c611d61af0f18ae412dfac192) + +While we're here talking about GameStop's upcoming NFT Marketplace, I just want to say that GameStop has been moving ridiculously fast to be able to transform the company while also stealthily building a completely new revenue generating vertical in the lucrative NFT space. Ex-Chewy data scientist that has worked under Cohen says it best: + +https://preview.redd.it/do8cj4fj7l481.png?width=1480&format=png&auto=webp&s=ae653ef4a933777f73a6aa487f83828e41daf515 + +&#x200B; + +**Problem 2: Setting up the wallet is difficult and expensive on Opensea.** Dami suggested a solution in her tweet: "a more stepped process could help as we cross the chasm on adoption here." In other words, she's saying it needs to be as easy as possible for us smooth brains to get wallets and start trading NFTs. So it can be speculated from her statement that Dami, the director of product of GameStop, has been working on a smoother / stepped wallet set up process. + +In fact, remember when Daniel Wang said "probably in Q4 and with a lot of other stuff?" We now know that "other stuff" is their **counterfactual wallets with fiat on ramping.** Typically wallets are expensive to create and expensive to fund, but a counterfactual wallet with fiat on ramping is essentially a free layer 2 wallet where you can add funds into it using your bank account or debit card to instantly start trading NFTs. It can't be overstated how big this is. Once this is released with GameStop's NFT Marketplace, people will finally be able to start trading in the NFT Marketplace without first paying hundreds of dollars before they even make their first trade. + +&#x200B; + +[On Dec. 9, Bryon, Community Manager at Loopring, let the community know that fiat on ramping is almost ready to go live. ](https://preview.redd.it/n96nzm5v9l481.png?width=904&format=png&auto=webp&s=837b4091e53c7fb9842c2c6e160b4c6841d4eb01) + +It's important to know that Byron said in Discord (I can't find the picture right now, let me know if you find it) that counterfactual wallets with fiat on ramping will launch either simultaneously with the NFT Marketplace or slightly prior to the NFT Marketplace launch. The fact that they're so close to finishing fiat on ramping suggests the NFT Marketplace is coming soon, too. I expect an announcement anytime from Dec. 9 to Dec. 31, which is not a long time to wait in the grand scheme of things. + +**Problem 3: Opensea does not have enough customer support staff to meet support requests.** GameStop solves this problem because they recently hired over 500 support staff for their new US based Customer Care office in Florida. As Matt Furlong told us during earnings, this office is now operational. It's likely that these recently hired support staff will be supporting the NFT marketplace as well, given that we found the domain [support.nft.gamestop.com](https://support.nft.gamestop.com) in Oct 22 which redirects to Zendesk, a customer support software: + +&#x200B; + +[Source: https:\/\/gmedd.com\/blockchain\/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring\/](https://preview.redd.it/ndfc62dabl481.png?width=1522&format=png&auto=webp&s=5cb16a02758bcae166e9e400acc277675e702ac1) + +Ryan Cohen knows that business is all about solving customer problems and delighting them. GME's NFT marketplace will solve all the major problems customers face in the NFT world. Think about it -- if you could choose between a marketplace that charges you hundreds of dollars in gas fees, or a marketplace that charges you $0 in gas fees and is 400x less expensive, which would you choose? You'd choose the cheaper one, so you'd have more money to buy NFTs. Once the customers flock to GME's NFT Marketplace, GameStop stock could be quickly re-evaluated by big money investors, leading to a rise in price that could squeeze the shorts who are foolish enough to continue shorting GME the past year. + +# In summary, GameStop is going to bring the frictionless e-commerce experience we take for granted to the NFT world, so that buying a NFT is as easy as buying a GameStop hoodie. + +GameStop releasing direct registration numbers is a clear hint to shareholders that directly owning shares in your name is the way. I am 100% DRS'd when my remaining shares showed up in CS yesterday. Btw, who here is excited to buy their first NFT from GME's NFT Marketplace? I know I am. +Hi folks. + +Title question largely speaks for itself. Here's some details: + +* Are you expecting another crash in 2020 and holding cash to take advantage of it? +* If so, what percentage of your portfolio do your buy-in cash holdings represent? +* Have you actively sold any securities in anticipation? Or purchased gold/bonds/currency? +* If you expect a crash in 2020, what events (if any) could you imagine being a catalyst? + +This post does not intend to pre-suppose arguments for any of the above, or suggest 'correct' answers. I'm just curious as to what the community thinks. + +*P.S., if you want to downvote this post, please do consider letting me know why. I'm always keen to learn where I've gone against community standards; I learn nothing from silent downvotes.* + + +We went grocery shopping yesterday and only got absolute necessities and it was still $90. We got the smallest bottles of laundry detergent and fabric softner they had, and the most expensive thing were the 2 boxes of taquitos we got, $12 each, 30 a box that will be our lunch/ dinner for the whole week because we can't afford anything else. We're trying to get back on food stamps, we lost them when i got my job because we were $200 over the limit. I feel like I'm trying to doggy paddle in a flood and am just barely managing to keep my head above water. Hell, I'm pretty sure just 5 years ago, all the stuff we bought would be $40-50. How can people make it like this? +boycott in 3 2 1... + +edit: number of upvotes*price of iphone= $1400000+ +Hey Apple a million dollars here, a million dollars there, pretty soon were talking about real money! +Last September I picked up my first job since I had to pay for some expenses (college classes, personal expenditure, etc). My mom, who I currently live with now and has basically paid for most of my living expenses since I was a baby, has an accounting friend who usually does our taxes every year. Since I got a job, she had him do my taxes as well. + +A couple days ago he informed us that my dad has claimed me as his dependent for last year and that my dad will be receiving my tax return unless he cancels his claim on me. However, my dad moved away when I was in sixth grade (I'm a college freshman now) and the only financial support he's provided me in the last year was $150/month that is supposed to be shared between me and my older sister. Seeing how I made a few grand working last year, I don't believe I'm dependent to him (correct me if I'm wrong, Im not 100% knowledgeable on this subject) + +I attempted to contact my dad in the last few days to see if he made a mistake claiming me as his dependent or if I could change his mind but he hasn't responded to my emails or my calls. + +I was wondering if there was something I could do in my situation as the amount of money I'd receive from the tax return could be extremely helpful to pay for upcoming summer classes and my housing for the fall semester. + +Thanks! + +Edit: Holy this blew up big time while I was at work. Thanks for the replies. I'm going to have to spend some time reading through all of them. +What is basically **"Electra Protocol"** - A.K.A. $XEP? (by Goryum) + +Well, this is a new but and old project we can say. After the ex-ECA project was abandoned by its anon founder, the whole core team and community decided to move by creating **XEP** during last December. + +**Technical insights:** + +* Open source +* Based on SHA256 with PoS V3.0e algorithm +* 80 sec block time (instant transfer) +* +1500 TPS +* PoS V3.0 +* Around +500 online nodes +* Supports Taproot,Segwit and Lightning Network +* Near ZERO fees 0.00001 XEP +* Supply to be around 18B ( Right now 29B but they will burn +10B XEP in a month or so) +* ... + +Coin | XEP | BTC +:--------|:--------:|:---------: +Transaction fees | 0.00001 XEP | can spike during periods of congestion on the network: current level of 26.44 USD +TPS | 1,500 | 7 +Atomic swap | YES | NO +Fully confirmed transaction | 80 sec | up to 3,600 sec (1 hour) + +**Source:**https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Average%20Bitcoin%20transaction%20fees%20can,from%200.8928%20one%20year%20ago. + +Community is one of the most active one in the market. But real activity. Feel free to visit their Twitter page to see the engagement. + +Their airdrop process is ending as of this week to ex-ECA holders(eligible holders). + +**So, is this a new project ?** + +YES and NO + +The team, which was working on ex-ECA moved all together with the community to XEP. They brought all the planned improvements and will also do during the upcoming period. + +The team consist of several senior professionals from all over the world. +400 years of business experience (whole team combination) which definitely brings a big value during the project management process. + +They have a so called ElectraPay. This is an online/offline merchant payment tool. Recent news shows that they had many meetings and preparing on some **major announcements this year.** Worth to keep an eye on those. + +The project is also a **member of ETA (Electronic Transactions Association).** Who are there ? Visa, MasterCard, Bank of America, Google, Amazon, WorldPay.. And they are joining webinars, doing presentations to ETA members. + +**Hey, i checked it and can see only Crex24 listing. Isn't this bit strange ?** + +No. Due to airdrop, they had to use few exchanges. $XEP can be bought through the following exchanges: + +- Crex24 - KYC needed + +- Altmarkets - No KYC needed + +- NEXT exchange - No KYC needed + +The team also announced that they have an **upcoming T1 exchange** (one of to top tier exchanges). Announce must be done by the exchange first then by the team, expected soon in Feb or early March, it depends by the exchange. + +XEP will not only be listed on one T1 exchange, team are working with other exchanges... exciting future and brillant. + +**ElectraPay** will bring the biggest growth and it will be no comparison to the exchanges. Of course, the exchanges will also be in play, because ElectraPay's transactions will go through the exchanges" + +There is much more info than to be included here. Best is to visit the official website and social channels for more details. +Lived in a nice senior care facility, but no one checked the account until she passed. There is a 60 lookback that banks cover for fraudulent transactions, after that they say "tough luck". + +We suspect someone who had regular access to her room, after she became disoriented, gained access to the checking account. This not identity theft but what is it called? Police report filed and Chase bank notified of fraud. Without subpoenas being issued to the credit cards, (Discover and Capitol One), that were paid by these transactions, do we have anyway to figure out who did it? Likely these cards are fake too but very curious how to pursue since police have pretty much said "tough luck" too. + +Just seems like this sort of fraud should be going to a specialized law enforcement division as opposed to the local police. +I could be way wrong here (which is why I am asking), but Goodwill seems to be somewhat subjective, and as a result can skew the REO calculations if its off base. Given the importance of REO in value investing, I am wondering how everyone treats Goodwill and other intangibles in their calculations. +**UPDATE: Seeking Alpha CEO Eli Hoffman responded to me with this statement: "...I did see your feedback about the potential effect of allowing authors to cancel memberships after receiving negative reviews; it is not something we had previously considered, but are going to take a look at how we might adjust our review policy to keep them honest."** + +I frequently use a site called Seeking Alpha which is essentially a forum that allows people to write and share stock market related articles. It also has a paid subscription feature where one can buy a month or year-long subscription to read material from an individual author much in the way that one would subscribe to a stock market newsletter, with the added perk of being able to communicate with the author and other subscribers since everything is online. + +I relied on an starred review system to pick who I would subscribe to and of course I picked the author with the most reviews and highest average rating. After recently writing a non-incendiary, mostly complementary, but non-3 star (I meant non-5 star - EDIT) review of that author, I was immediately contacted by the author, who accused me of “bad mouthing him” (his words) and told that he would have the Seeking Alpha website would cancel my subscription to his newsletter. And today, the Seeking Alpha website did cancel my subscription to the author’s newsletter though I did not request it. + +Before the subscription was cancelled, but after the author first contacted me, I wrote to the Seeking Alpha customer service e-mail to ask if that was allowed. ~~No response.~~ + +The thing is, I am not the first person this has happened to. This author in particular happens to be very popular on the website, yet I have communicated with 3 other current or former subscribers who have similar stories. They dared to post a non 5-star review and the author threatened to have the Seeking Alpha website (boot them from his newsletter - EDIT), so either they were kicked off or were coerced to modify their review (not even critical) in order to remain a subscriber. I still have communication regarding all of this. + +Just thought it might be interesting because I recently read a story about online ratings and how Netflix has dumped them because they aren’t that reliable. And in the case of this author’s newsletter or Seeking Alpha, I think I know why — because he is actively attempting to manipulate his subscribers into giving 5-star reviews by threatening to or actually have Seeking Alpha pull their subscriptions. I don’t think it’s going on on a LARGE scale but it has happened. + +PROOF: I've taken it down of my own volition to comply with Seeking Alpha TOS. + +I own a fairly large piece of land in Italy (Tuscany) that can produce premium extra virgin olive oil, organic. + +I'm currently doing nothing with it. I could sell it, however I had a (crazy or stupid) idea to monetize it that I'd like to validate with you. + +What if I would "sell my land as a service" to multiple shareholders? + +The idea is to create 100 partitions. Each investors rents out a piece of land for a defined amount of time, paying a fee for it. The fee will be used to produce and bottle the olive oil, plus administrative fee. + +In exchange for that, renters will receive a certificate of temporary ownership and, most importantly, they'll be shipped a certain amount of olive oil to their door step every year. The bottles' lables will be customized with the name of the land as well of the investor. + +Would you pay say $1000-2000 a year to receive premium Italian extra virgin olive produced in "your own" land and bottled with your own label? + +Is this such a crazy idea or do you think it might have legs from an investor / consumer perspective? +I'm so heartbroken and confused. I work for a lab company that provides service to doctors offices. A job as a lab assistant came open and my coworker was talking about how exhausted she was because she didn't have the time to hire for it but now had to. I let her know my mom was looking and would be perfect for it... And I truly believed she would be. My coworker excitedly interviewed her, loved her, and got her hired and set today for her first day training. Her trainer said she was really good and quick to pick up. The doctor's office called my coworker an hour or so ago, and said my mom wasn't a good fit and they wanted to go a different direction. + +My mom is devastated. It was a big thing for her to even go for this job and now it's been ripped from her. She was going from part time to full time with a $2.50 raise. This job was going to change her entire situation...and now it's gone. My company has told her she's first on the list when anything else becomes available and that sometimes this happens, usually the office has someone in mind and didn't communicate it before the hiring process started. My mom is convinced it's because she isn't young and pretty. I feel terrible. I just want to know what went wrong. +I've realized that my reading on the world economy has become biased towards those that think we are headed for a big fall. +My current thinking on the economy is that levels of debt are unsustainable, the printing press can't keep going a the rate it is, there seems to be widespread corruption and collusion in financial markets and there's a pretty good chance (99%) of a crash larger than 2008 within the next few years. I'm also pretty certain that bail-in's will happen in many western countries. As such I recently diversified a little into gold, silver and cryptocurrencies (which, by the way have been extremely profitable for me at least, better than any other investment I have ever owned). + +Obviously to maintain a rational mind I need to critically evaluate those that think the world economy is doing just fine, or perhaps even going to accelerate. + +So tell me /r/economy, why are the doom-sayers wrong? +Ill pretext this with Im a 25 year old, I heavily believe in savings, investing into total market index funds, mild frugality, and seeing my money grow. But I am unsure if I am able to make the argument on behalf of (most of us) to follow this living-within-means, invest, and retire "well" argument. Im sure my knowledge is flawed here, but I can't figure out what Im missing in defending FIR (exclude E) + +I live in Miami. We have lots of "50 K millionaires". In the sense people in Miami believe in putting every ounce they have into cars, clothes, accessories, electronics, and houses (where almost all of these are depreciating assets), even if they can barely afford the monthly payment. + +When it comes to your average FIRE, saving and investing is a big deal. The catch I see is, you live your prime years (20-50) saving, only to live your "so called golden years" paying for healthcare, your housing, and probably your nursing home. + +**Argument:** + +My spend-it-all neighbors argue that, "if youre making 50,60,70 grand/annually (2x)- blow it on the luxuries now- because life sucks when youre old anyway." When I make the argument that you wont have anything to rely on when youre older- the counter from them is that medicare/Medicaid social security will find them a nursing home, cover their healthcare, etc costs if they are broke. + +**IS this true?** + +**And if so, where does the middle class worker who maxed out his 401 K since he graduated college and lived life in moderation win?** + +My father was disabled at 55 due to a stroke, and as a guy who lived in moderation, I found that (had he lived longer than just months post stroke)- he would receive 0 government assistance, 0 aid, and pay full price for every ounce of life support he needed (healthcare insurance, nursing homes, etc ). + +Meanwhile, girlfriend's mother never worked past 30, has had a foreclosure and a bankruptcy. When she did work she made minimum wage, and some how at 60 she is "Retired" and collecting 1300 in social security. + +**Is this saving, investing worth it when other people can just use the system in place?** + +&#x200B; + +\*\*\* Regardless of the answer to this, I will continue to save, invest, and be responsible, im just curious +Throughout last year, I've been on many cryptocurrency subreddits here and there (including Bitcoin's of course) and must say that this is so far the most helpful, respectful and polite community I've met. Wishing you guys all the best! Keep it that way :) +https://www.cnbc.com/2022/07/07/gamestop-cfo-is-leaving-the-company-retailer-announces-layoffs.html + +GameStop said Thursday its Chief Financial Officer, Mike Recupero, is leaving the company and that it will make staff cuts across departments as part of an effort to turn around the videogame retailer and drive growth. CEO Matt Furlong announced the changes in a memo to employees, obtained by CNBC. +Why would they do something like this? Surely, because they're losing/apes are winning by conventional ways right? So consider the following: + + +1. It's clear as day that the governing bodies are at the very least, complicit if not corrupt. +They see that we see it so if this is going to be a weapon in their favor, why would they not start with GMEQ? Why leveraged inverse TSLA short first? +. +Oh right, because they are outgunned as is. Apes can easily short that inverse leveraged ETF to go long & come out on top. They want YOU to be scared, they want YOU to be frustrated & sell. +. +TSLA might even drop tomorrow to plant the idea "This can happen to GME too" but remember, it's just psyops. +. +2. **NFT Dividend is NOT off the table**: +Unlike OSTK who got sued because shorts argued their core business did not involve blockchain and they issued crypto dividend to 'manufacture' a short squeeze, Gamestop now has a clear use of NFTs. +. +They can easily issue NFT dividend after the 4:1 split. This will force the brokers to come up with 4X the number of excuses as to why their shareholders are not whole. 4X the headaches. + +**They might make the price drop tomorrow, but "DONT GET RUGGED"** + +Edit: Oh yeah, Citadel has a lot of TSLA they can dump, don't they? +Edit2: Too smooth & too new to posting on Reddit. Not sure how to indent/proper line/paragraph breaks. +Guten Morgen to this global band of Apes! 👋🦍 + +This week is anticipated my many to possibly be a turning point in how people view the way the markets are structured, and how the large institutions rig it against retail traders and vulnerable companies to increase their own profits. Many of us are eagerly anticipating the advocacy campaign that u/dlauer has mentioned, as well as the Jon Stewart piece and upcoming documentary. I may have originally started HODLing GME for the MOASS reason, but over time I've come to greatly appreciate the strength of GameStop as a company and also hope that HODLing helps lead to structural change and real repercussions against the criminals who have abused the system so severely. Our Diamantenhände are stronger than ever, and prepared to see this through. + +Meanwhile, the Russian economy continues to crater, possibly leading a tidal wave of impacts across the world economy as large holders of Russian bonds are suddenly forced to recognize the value of those bonds as zero. Several weeks ago we watched as Kenneth Griffin's plane flew to Finland, very near the Russian border, with some speculation that there was a physical handoff of digital assets for safe storage... in Russia. What a mess this could turn out to be if Kenneth Griffin's emergency plan is now locked away in a country under heavy sanctions, where accessing such stored assets would violate the sanctions. + +Today is Monday, February 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$117.02 / 104,34 €** *(volume: 1314)* +- 🟥 115 minutes in: $117.01 / 104,32 € *(volume: 1304)* +- 🟩 110 minutes in: $117.08 / 104,39 € *(volume: 1303)* +- 🟥 105 minutes in: $117.07 / 104,38 € *(volume: 1262)* +- 🟥 100 minutes in: $117.11 / 104,41 € *(volume: 1261)* +- 🟥 95 minutes in: $117.14 / 104,44 € *(volume: 1261)* +- 🟥 90 minutes in: $117.31 / 104,59 € *(volume: 1245)* +- 🟥 85 minutes in: $117.42 / 104,69 € *(volume: 1076)* +- 🟩 80 minutes in: $117.50 / 104,76 € *(volume: 1057)* +- 🟥 75 minutes in: $117.19 / 104,49 € *(volume: 1051)* +- 🟩 70 minutes in: $117.46 / 104,72 € *(volume: 1030)* +- 🟩 65 minutes in: $117.43 / 104,70 € *(volume: 1004)* +- 🟩 60 minutes in: $117.42 / 104,69 € *(volume: 1004)* +- 🟥 55 minutes in: $117.32 / 104,60 € *(volume: 981)* +- 🟩 50 minutes in: $117.49 / 104,75 € *(volume: 978)* +- 🟩 45 minutes in: $117.43 / 104,70 € *(volume: 972)* +- 🟩 40 minutes in: $117.36 / 104,64 € *(volume: 888)* +- 🟩 35 minutes in: $117.19 / 104,49 € *(volume: 878)* +- 🟥 30 minutes in: $117.11 / 104,41 € *(volume: 876)* +- 🟩 25 minutes in: $117.24 / 104,53 € *(volume: 820)* +- 🟩 20 minutes in: $117.07 / 104,38 € *(volume: 700)* +- 🟥 15 minutes in: $117.02 / 104,34 € *(volume: 578)* +- 🟥 10 minutes in: $117.15 / 104,45 € *(volume: 574)* +- 🟩 5 minutes in: $117.25 / 104,54 € *(volume: 366)* +- 🟥 0 minutes in: $116.95 / 104,28 € *(volume: 295)* +- 🟥 US close price: $118.58 / 105,72 € *($118.20 / 105,39 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1216. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +**Context:** + +32, married, no kids (yet) - my wife and I both work in non-tech high-income industries (finance/consulting). We currently clear a little over $1mm in W2 income (very heavily weighted on year-end bonuses). Job also comes along with 'carried-interest' that theoretically should be worth on average \~$1mm a year, but is lumpy and theoretical until it hits (usually takes \~4-6 years to materialize). I am 'mid'-career - and probably on the 'earlier' side of the earnings curve - there is a reasonable chance for meaningful incremental earnings increase in the next \~5 years if I stay in the industry (e.g., multiple million dollars of carried interest per year). + +Current NW is \~$3mm (mostly accumulated in the last \~2-3-years post business school) - \~$1mm of that is liquid/semi-liquid (\~150k cash, rest is mostly taxable trading accounts and 401-Ks). \~$1mm of that is various private investments (e.g., co-invest in my funds, vested carried interest but not distributed yet), and another \~$1mm is a balance of home equity and some other hodge-podge of stuff (e.g., crypto). + +**Dilemma:** + +About a year ago, I along with two close friends (similar industries) came upon an interesting brick & mortar franchising concept. It's in the 'consumer-services' space - rapidly growing, unit-economics seem very favorable. Round numbers - each location requires a \~$1mm initial investment, and can generate \~$600k-1mm a year in revenue with \~20-25% EBITDA margins. We bought the rights for 3 locations and are in the process of building 2 of the locations. We're funding each with about \~20% equity, and the rest in SBA loans. + +If all goes to plan, in 3-years, we would have invested about \~$300k of equity for each partner in total, and we would have \~$2.5mm in SBA loans. I think the whole enterprise can generate \~$500k-$1mm of EBITDA if we do this right although I personally assume \~$500k for conservatism. + +**Question:** + +Here's my question for the group - and would love to hear from anyone with experience starting small businesses. My wife & my careers are a reasonably 'predictable' way to get into FF territory I think within a reasonable time-line (say, $10mm NW by 40) - of course assuming no one has health issues that takes us out of the work-force. + +We live well-below our means because we simply don't want for much - $1mm house in VHCOL area, drive a 12 year-old car, preferred eat-out places are Panera, Chipotle, and diners, a few vacations a year, a dog, and when we have kids they will be put into public school (we'll pay for college but that's... 20 years away at least). + +Our motivation for investing / helping build this small business on the side is two-fold: + +(i) Despite having a very high W2, it still doesn't feel like 'financial independence' (i.e., I can get laid-off or fired at any time and most of that W2 will dry up - I can certainly replace it, but fundamentally there is a lack of 'control'), and; + +(ii) I've always dreamed of doing something more 'tangible'. My day job is investing in large companies - I fundamentally enjoy the job. So helping build a small 'family/friend' owned business is something that gives me fulfillment. + +However, as we sign these large SBA loans and contribute an increasing amount of equity business, it does at times make me nervous - I spent my whole life building this nest-egg. 'Worst'-case scenario, in the future there is the possibility that in total I can wipe \~$1mm off of my nest-egg if this small business venture fails (\~$300k of equity I put in + my portion of the personal guarantee on the SBA loans). + +**Would love any perspectives - am I being 'reckless'? Is the 'risk'/'reward' reasonable here given my family's financial position / trajectory? How bad would it be if the 'worst'-case actually materializes (e.g., lose $1mm over a few years). Appreciate any thoughts!** +Every job I apply for will have over 50 applicants, if you have a 1 in 50 shot than it is essentially rolling the lottery. I haven’t been able to find work for 6 months and struggling with all manner of costs. + +Also if employers look predominantly for experience than that means graduates and youngsters are screwed unless they are in an industry with a large shortage. +So I am going to invest around 200k€ in ETFs. I will build a 2-4 funds lazy portfolio along the lines of this for example: + +https://www.reddit.com/r/eupersonalfinance/comments/48dd07/a_european_lazy_portfolio/ + +What would be the least expensive and best online broker for this purpose? + +Thanks in advance! +*TLDR: Any good ways to diversify risk when investing in real estate and are there any platforms that you use that offer fractional investment (but you actually own the property)?* + +&#x200B; + +As a stock and crypto investor for a number of years now, lately I have been thinking of taking the plunge into real estate. Mortgages are so low nowadays that they make it really easy to buy something and even if you rent the property out you're likely to be cash positive in the end. The issue here is that I'd be contracting a relatively large mortgage by myself and I wouldn't really be diversifying risk in any way. + +I also know there are crowdfunding platforms in France and Germany like Bricks and Realty that seem to offer relatively high returns. Are those even worth taking a look into? One thing I didn't like about those at first glance is that you don't seem to actually own the property, but just the ususfructus (essentially the right to make profit out of it). Does anyone know if that is a big deal? + +A third option to mitigate risk is to get a few friends and invest together outsourcing the management of the property to a real estate company (although contracting a mortgage might prove to be a pain when multiple parties are involved). Is this completely crazy? Has anyone tried something like this before or know a company/solution where I can somehow co-invest and actually have ownership over the property? + +Some people over at BEFire suggested I look into fractional investments in luxury vacation properties but it doesn't really seem to make much sense, as a rental unit in let's say Brussels, Berlin or Vienna would generate more "bang per buck". + +Thanks in advance! +Hi everyone! I’m in Germany with Italian passport. I started to trade on etf and stocks and doing quite good so far (+19.8% over 9 months), but the fee is killing me - I have Sparkasse. + +What’s the best (and cheapest) bank to trade this with good online user interface? Consider a portfolio of about 100k + +Thank you! +I'm an 18 year old working full time, earning and saving quite some money. In a month and few days I'll be 19, and I'm pretty confident that by then I'll have more than 3000 euros in savings (therefore the title). Where do you recommend I should invest that money? I would like to invest it in an Index, but I don't which broker to use and there are not many out there that accept such a small amount. I just really don't want that money sitting around doing nothing. I know it's not much investment-wise, but that's what I got. Thank you guys, I appreciate the help! I'm currently living in Spain. (If that helps at all) +Last year was a rough year for the p2p lending business, but I wonder (and assume) if things are getting better at Mintos. Are the LOs more solid now and thus it is less risk - or not? +So I usually google 'job title' salary in 'city' and the first link that comes up is usually glassdoor. + +How accurate are the numbers, and what should my salary expectations be compared to those? Would it be safe expect around the median? Since glassdoor separates salaries based on seniority (e.g a finance managers salaries are not counted when looking at finance analyst). + +I guess the difference mostly comes from different companies? Tho sometimes the range is a bit too much to be just that +Tell me your tales of renovating your PPOR, especially with a young kid. What went well? What would you do differently next time? Any regrets? + +Husband is a tradie and we have a decent budget, so we’re (somewhat) prepared, but keen to seek wisdom from those who have gone before. + +(EDIT: No idea why this is flaired as ‘Tax’, unless it’s referring to the impending tax on our marriage 😂 EDIT 2: Thanks mods for fixing!) +I’ve heard many people say that marriage can be either financial ruin or a way to build wealth quickly, but I’m not sure what the consensus is. + +Thanks. +Live via his twitch/reddit AMA https://www.twitch.tv/reddit + +Update: Here is the recorded video: https://www.twitch.tv/reddit/v/113771480 - its at 01:58:00 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +For background, I’ve spent the last 4-5 years pushing toward so many destinations. And once I hit the destinations, I felt more hollow than I thought I should or would feel. + +I felt the same way with FI, the initial 1-2 year surge of putting plans into motion was exciting, but not in the long-term, sustaining way I imagined. + +This course has helped me realize, more than anything, that the “Journey IS the Way,” while allowing me to go back and realize how grating my personality was and can still be when pushing toward destination goals to those around me. + +Therefore, since “If you Can” crystallized my belief in dumping my FA while assets are small, this course has been just as valuable to me, if not more so, and I can’t help but think there are people here with a few million in the bank, that are STILL emotionally unsatisfied. + +Thanks for your time, and happy Sunday! +Shower thoughts. This just came to my mind right now, with the way Ryan Cohen is driving the company, I feel when we moon and the whole world knows about this. I feel everyone will want to buy their stuff from GameStop and not Amazon. + +Same day delivery, same price as Amazon, customer service which is top notch and GameStop cares more about their customers. + +I don’t know, just feel Amazon will be in trouble when Cohen fully transforms this company. + +Obligatory 🙌🏻💎💎🦍🦍🦍 +https://www.cnbc.com/2019/07/12/singapore-gdp-gross-domestic-product-data-for-second-quarter.html + +> **The second quarter flash numbers are “quite disastrous... way below even the worst street forecasts,”** said Selena Ling, head of treasury and strategy at OCBC Bank, adding that the main drag remains manufacturing. +> +In the second quarter, manufacturing contracted 3.8% from a year earlier after shrinking 0.4% in the quarter earlier. +> +Singapore authorities have previously said they will review their 2019 full-year GDP growth of 1.5%-2.5%, and some analysts say there might be a recession in 2020. +> +Ling said she expects authorities to soon lower full-year growth forecasts to 0.5-1.5%. +> +**Electronics manufacturing output, the main driver of Singapore’s economy in the last two years, declined for the sixth consecutive month in May while exports saw its biggest decline in more than three years.** +The following is a proposal to establish rules and guidelines for submitting ethtrader governance polls. The new rules would be as follows: + +&nbsp; + +**Note:** This document distinguishes between **General polls** and **Governance polls**. Governance polls are used to make binding changes to the rules of the sub and may be enforced by UI changes undertaken by Reddit devs or by moderator actions. For example, a Governance poll was used to [retain u/carlslarson as the first moderator](https://www.reddit.com/r/ethtrader/comments/9tm60s/governance_poll_i_am_first_moderator_at_your/). General polls are the default option in the poll creation ui while governance polls require selecting as such from a dropdown selector. + +&nbsp; + +**General Polls may**: + +- be created at any time by any user + +&nbsp; + +**Governance Polls must**: + +- be preceded by a Poll Proposal^1 post +- be selected as a "governance poll" in the Reddit UI (activates 'decision threshold' mechanism) +- have a minimun duration of **5 days** +- be tagged GOVERNANCE +- include [Governance Poll] in title +- be stickied if there is an available slot or linked to from pinned comment in the existing sticky, for poll duration +- have only options "Yes (some clarifying text allowed here)" and "No", and optionally "Abstain/Don't care" +- be passed when the donut weighted "Yes" is greater than "No" and when "Yes" also reaches the dynamic decision threshold (quorum that adapts to recent levels of participation) + +&nbsp; +&nbsp; + +**^1 Poll Proposal posts will be:** + +- active for **2 days** prior to commencing with the actual poll +- proposing non-biased wording for the poll text body and options +- linked to from a pinned comment in the daily +- receive sign-off to proceed by 2 moderators^2 OR achieve 2/3 majority in an override vote^3 +- include [Poll Proposal] in title + +&nbsp; +&nbsp; + +**^2 Moderator sign-off should ensure:** + +- impartial language is used in poll body and options texts +- that the poll is actionable +- a reasonable limit (2) to the number of concurrent governance polls + +&nbsp; +&nbsp; + +**^3 An override poll must:** + +- be a normal, non-governance, or "sentiment" poll +- include [Override Mod Sign-off] in title +- link to mod rejection statements +- have only options "Yes (override)" and "No", and optionally "Abstain/Don't care" +- achieve donut-weighted 2/3 majority "Yes" vs "No" +- have a minimum duration of 5 days +- linked to from a pinned comment in the daily + +[View Poll](https://www.reddit.com/poll/alqeso) +Hey PF, +At the age of 19, I started living on my own. I had just moved out of my parents house and they weren't the best when it came to bills. I don't recall one moment in my childhood where bills were discussed and how/when to pay them, how to budget, etc.. I learned some of these things from a manager at an old job but it was very limited..meaning I didn't learn much. Anyways, I moved to Texas with my girlfriend, in a to attempt to get better jobs and continue school. I was able to get better jobs, therefore I decided on getting a 300 dollar Credit card and felt like I was the shit! After some life problems, moving and getting a couple new roommates (This is where I started to go in Debt) I was hopeless. With all of these life changes and stress, I paid my big bills but left some other bills (Such as my credit card) out to dry. Since then, I have left those roommates and live with my girlfriend of nearly 4 years. Since then, I have gotten a better job and currently make 13 dollars an hour and I get paid bi weekly. I typically use one paycheck for rent and one paycheck for most of the other bills, not to mention food,. Bills listed below. + +BILLS +Rent - 520 + +Car loan Payment – 175.00 + +Electric - 80 + +Car Insurance - 115 + +Phone Bill - 120 + +Spotify - 5 + +Bed Payment – 38.80 – amount past due 180.00 + +Credit Card –closed- amount due 558 + +Gas - 40 + +I came from a poor family and was never taught the basics. That was the past, today is now and I can only man up to my debts. At the end of the day, I made some terrible decisions about not paying bills and still do to this day. Which is why I'm posting on here. I really want to be self taught in the correct way of paying bills and budgeting. I want to be bill - stress free! (If there is such a thing) If anyone has any advice on what I should do, please comment. Thank you so much. + +Edit #1 Thank you guys so much for all the love. Hell, even the hate. ALL of it will fuel me to get this small debt taking care of. My next edit will be a completed budget with all of the expenses some of you have asked about - Stay tuned! +Guten Tag to this global band of Apes! 👋🦍 + +We all expected this week to involve serious amounts of fuckery. +When I saw the ticker pass $150, I made a mental note that the 1-hour margin call must have been triggered, and to check back to see if the Critical Margin Theory held up. +As expected, the SHFs chose to survive another day, and not too much later they aggressively drove the price down. +While I fully expected them to do so, as they have so many times before, it will never cease to amaze me how brazenly they engage in this market manipulation. +This is exactly the kind of behavior that needs to be stamped out. + +Of course, it changes nothing. +On Monday, anyone who owns a share of GME will be put on the list to receive the share dividend on the 21st. +The SHFs who borrowed shares will be obligated to deliver those additional shares. +The phantom shares that they've failed to deliver will need to be quadrupled. +This share dividend has created an anvil upon which they'll be crushed. + +I am happy to stand by and watch. + +Today is Friday, July 15th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$138.66 / 138,59 €** *(volume: 977)* +- 🟥 115 minutes in: $138.66 / 138,59 € *(volume: 952)* +- 🟩 110 minutes in: $138.72 / 138,65 € *(volume: 923)* +- 🟩 105 minutes in: $138.59 / 138,52 € *(volume: 921)* +- 🟥 100 minutes in: $138.52 / 138,45 € *(volume: 921)* +- 🟩 95 minutes in: $138.52 / 138,45 € *(volume: 921)* +- ⬜ 90 minutes in: $138.52 / 138,45 € *(volume: 905)* +- 🟩 85 minutes in: $138.52 / 138,45 € *(volume: 723)* +- 🟥 80 minutes in: $138.29 / 138,22 € *(volume: 667)* +- ⬜ 75 minutes in: $138.52 / 138,45 € *(volume: 639)* +- 🟥 70 minutes in: $138.52 / 138,45 € *(volume: 599)* +- ⬜ 65 minutes in: $138.56 / 138,50 € *(volume: 554)* +- ⬜ 60 minutes in: $138.56 / 138,50 € *(volume: 551)* +- ⬜ 55 minutes in: $138.56 / 138,50 € *(volume: 551)* +- ⬜ 50 minutes in: $138.56 / 138,50 € *(volume: 551)* +- ⬜ 45 minutes in: $138.56 / 138,50 € *(volume: 547)* +- ⬜ 40 minutes in: $138.56 / 138,50 € *(volume: 542)* +- ⬜ 35 minutes in: $138.56 / 138,50 € *(volume: 508)* +- ⬜ 30 minutes in: $138.56 / 138,50 € *(volume: 494)* +- ⬜ 25 minutes in: $138.56 / 138,50 € *(volume: 465)* +- 🟥 20 minutes in: $138.56 / 138,50 € *(volume: 461)* +- 🟩 15 minutes in: $138.57 / 138,50 € *(volume: 456)* +- ⬜ 10 minutes in: $138.57 / 138,50 € *(volume: 440)* +- 🟩 5 minutes in: $138.57 / 138,50 € *(volume: 407)* +- 🟩 0 minutes in: $137.26 / 137,19 € *(volume: 206)* +- 🟥 US close price: $136.20 / 136,13 € *($138.00 / 137,93 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0005. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I do most of my "charitable giving" through a donor-advised fund, and in recent years I've started recommending anonymous grants, rather than letting the recipient organization know who I am. I'm finding that this is causing me to give more frequently and more widely. One problem: I can only do this for 501(c)(3) organizations. If I want to give anonymously to a person, or a non-tax-exempt organization, there seems to be no legitimate way to do it, short of sneaky delivery of cash in an envelope, which has some pitfalls. + +Is there a service, perhaps structured like a DAF, that will do this for me? Have any of you come up with creative solutions to this problem? +I was gifted company stocks as a present from a relative who acquired them at their job. They've had/acquired them over the last few decades. When they initially acquired them the price of the stock was under $2 but now it's over $100 per share. + +Do I sell a portion of them to cash in on the stock being the highest price it's ever been? If so, what are the tax implications? + +Is it better to wait at least a year before selling anything? Or is this a little nest egg that I just don't ever touch? + +Appreciate the help as my financial knowledge is very limited! + +EDIT: CA. I'd be taxed 22% as a single filer, the stock is NVO (large cap), and this makes up about 8% of my assets. I have no debt and am not strapped for this cash ATM +For those of you who may be new to the whole crypto thing, Solana was all the rage last year. People and VCs were incredibly high on this chain like it was the next best thing since sliced bread. Well surprise surprise. Not only did Solana turn out to be INCREDIBLY centralized, the team lied about their circulating supply twice and were caught committing fraud. That's a big yikes from me. + + I have literally sold all my SOL, I've bought a bag of MATIC and I'm never going back. It's more decentralized (SOL has proven to be extremely centralized), The team can actually be trusted and it's just an overall better chain IN MY OPINION. I know a lot of you apes are pretty much gambling and will invest into anything even if it's a shitcoin. That's not me though and that shouldn't be you either. + +This chain CANNOT compete with the likes of Ethereum and L2s like Polygon. Especially when Solana is a project that has literally lied to you and disrespected you straight to your face. A real shame that people will still invest in this because y'all have no self respect lmao. + +Anyway I went off on a bit of a rant but the point of my post is this. Do your own research, do consistent research and tune out all the noise you're going to be hearing. Forget about marketing and hype. You will avoid most of this game's pitfalls by doing your own research. The most important skill you're ever going to use is tuning out noise and research. +Additionally, the conversion price for the 2014 issue was 42% above the stock price, whereas the 2017 issue is 25% above the stock price. For those that don't understand what that means, even Tesla-friendly investment bankers are beginning to sour on capital raises. They are demanding much, much higher yield on the debt, and a much, much lower call on the stock price. + +Tesla's balance sheet is perilous ahead of the model 3 capex requirements and eventual rollout. +It didn’t even feel like the top of the market when eth reached 4800. It felt like the bull market was just getting started and now people are literally selling at a loss. +From what I read more and more economists are saying the probability of a soft landing now unlikely considering how behind the curve the fed is, and the Volcker way is the only way to being inflation down if it doesn't go down itself by the end of the year. + +However I've read some alternate ideas that Volcker didn't *had* to put the country in recession and the inflation problem can be solved by increasing supply and some have also suggested things like rent control + dealing with corporate greed. + +What do economists here think about it? Is recession the only way? Would those other solutions the better way to go about? +I know free trade is widely seen as a force of good in the world by economists. I don't doubt it. But what about fair trade? It aims to be ethical, but is it so? + +Feel free to just post an authoritative link. I don't know what to mke of the different sources I'm finding. +I've recently read that a proportional income tax is distortionary. This doesn't make sense to me. A person with higher income still makes more money than a person with lower income. There is still an incentive to be more productive, work more. +I am trying to wrap my head around the economics of immigration with only a mostly-complete AP Macro education, hence me considering immigration on the shifters of aggregate supply. That being said, HOW does an economy go past full employment? +I've noticed that you can get an equivalent product for a lot less money if it's the supermarkets own brand. + +I used to think it was because the supermarkets could cut costs by doing everything internally, but I'd be surprised if they could cut costs by that much. I thought it could be because you're paying VAT twice, but price differences are often more than 20 %. And I'm definitely just guessing. I live in the UK if that's relevant. +If an industry can’t exist without government help, why do we just make direct payments? + +It seems like with stock you get the added benefit of ripping a dividend. +I'm taking an microeconomics class and one of the early subjects we covered was market failures. My instructor stated that inequality means there is a market failure. I thought that was kinda odd because i remembered reading something to the effect that inequality doesn't necessarily mean there's been a market failure because wealth is not zero sum. Just because I make 50k and another person makes 500k doesn't mean i'm missing out on 450k. + +Obviously i'm still very much a novice when it comes to economics but for whatever reason this has been bothering me. +After class my instructor offered to answer any questions. I took the opportunity to ask her privately if she could elaborate and mentioned what i had heard about wealth not being zero sum and inequality not necessarily being bad. I was surprised because she got really defensive and interrupted me when i was explaining my hypothetical about 50k and 450k, mentioning in actuality people living on 16k and others living on a dollar a day. + + +I need to add that my only background is in law and therefore in economic analysis of law, where the Austrian School seems to be prominent. I realized that I want to learn actual economics, not just how laws relate to markets and the like. Is there a theory that doesn't hold value judgements regarding the market (monetarism, Austrians, neoclassicals) or the State (Keynesianism, Marxism)? Economics has a reputation of being the most "objective" of the social sciences, but in my scarce experience I haven't been able to verify that claim. +I understand that when the Demand is low and the supply is high it's called the SURPLUS and when the demand is high and the supply is low it's called SHORTAGE. So what will happen if the demand is high and the supply is also high? +Sorry if I am misunderstanding the economic calculation problem but isn't the issue essentially that a central planner doesn't have enough information to work with in order to allocate resources rationally? But couldn't some sort of network of supercomputers combined with smartphones be able to surpass this? Hypothetically, producers could instantly transmit the number of resources they have, their productivity etc to the central supercomputer and couldn't consumers transmit their demands to the supercomputer as well? Wouldnt this network of devices give enough information to the central planner so that they wouldn't need to guess anymore? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi, I don't know anything about the stock market, I have a scene in which I want some realistic software/sites to be onscreen on multiple monitors in the background. Without getting too deep into it, is there a website or simple program that will give me a live feed (or what appears to be one) that you can recommend to me? + +Thanks +**UPDATE**: Wow, I didn't realize how many comments/responses I'd receive - thank you all! I am unable to comment on everyone's reply but, rest assured, I have read them all and taken your guidance/opinions to heart - cheers :) + +Hi folks, it's been a while. + +First off, thank you ... my FI journey wouldn't feel complete had it not been for your wonderful support and guidance. + +A bit of background to add context: + +* 35 years old this month +* NW: $120,000 (projected $180,000 by end of year) +* Salary: $130,000/year + USD $20,000/year company stocks +* Savings: Approximately $5,000/month +* Note: NW should be > $300,000 but I was foolish and decided to 'go all in' on cannabis stocks a few years back ... have since moved back to index investing (lesson learned on greed and not properly setting 5% max in speculative assets in my portfolio) + +Couple of questions: + +1. How do you stay motivated in this path to FI with respect to your work? I find it hard to be as 'hungry' and 'go-getter like' at work as I used to because I feel that I'm at a good pace. Any tips? Thoughts on a paradigm shift? +2. I am currently seeking index funds that do not provide dividends for tax purposes (the country I am currently residing in is subjected to a 30% withholding tax) - are there any index funds tracking the S&P 500 like VOO that do not provide dividends? The best alternative I could find is Berkshire Hathaway Class B (BRK.B) stock (although I'm well aware this is not an index fund in its purest sense) - thoughts? + +Thanks folks :) +Edit 3: *ZJZ reply is at the top of the thread. Please, be kind. I tried to summarise the feelings of users in this post, so we don't need to continue griefing the mod team... You could say... I LIKE the mod team.* + +Why did we not get transparency about how gæmstonk megathreads were going to be handled, ahead of time? + +First, the thread wasn't made. + +Then the threads made by users were being manually deleted. + +Then we got a comment stickied to the top of the daily thread saying words to the effect of "no more gæmstonk daily threads, more news later." + +That comment got deleted. + +Then we're told "it's because interest in gæmstonk has died down" (???????? Do you people LOOK at your own subreddit?) + +Then RKT gets a sticky. It gets MASS brigaded by the rightly fucked off gæmstonk pushers. + +Then we get told that the mods simply "forgot" to make the gæmstonk thread. + +Then finally, it was because Opinion forgot to set an alarm. + +... + +What. The. Fuck. Is. Going. On? + +You don't want people to believe in conspiracies? Act homogeneously and transparently. + +I haven't seen ANY good DD on gæmstonk for DAYS even though there is TONS of important movement going on with it. Somehow RKT is the ONLY majorly mentioned DD ticker on Monday? Somehow *that alone justifies a sticky?* + +That precedent is extremely dangerous. I hope you have highly competent tools that protect against vote manipulation and spam... because if all it takes is a single highly rated post and ticker the day before to earn a sticky the following day... you leave the entire subreddit vulnerable. + +As a side note... Everyone believes 3/19 is the MOASS date... BUT OPEN INTEREST IN gæmstonk IS HIGHER THIS FRIDAY. THIS. FRIDAY. + +I am extremely bullish on GME and in my opinion this is the second best time to buy. It can't only go up. But if momentum is there... it can. I doubt MM's have delta'd for 200. 250. 300. 350... for this Friday, because right now it's limping at 115. And there are 24,000 calls at 800 for Friday. That is just ASTRONOMICAL. + +Movement is best THIS WEEK. + +Nobody knows it... because all the front page gæmstonk text posts are just straight dumpster garbage. Zero information. All fluff. And people wonder why they think it's a dead play, a dumb play. + +I don't want to believe asinine theories like top-down manipulation. So some clarity on this is going to deeply alleviate that poisonous sentiment. + +Edit: there is a mod reply, please don't downvote it. + +Edit 2: this is a really good time to remind retail that... we are a significant force. Decoherent, stupid, self destructive... but sometimes even a room full of monkeys all throw their shit in the same direction. So just be more conscious of what that direction is. + +Edit 4: I censored the ticker to avoid spam from bots. Guess it worked. Had hardly any (like one?) Emoji/stupid comment. +Take a look: https://imgur.com/a/q2uvXSj + +Critique. Perhaps this can be used as a learning experience for myself and others. The XLP play was not so great just due to only getting $0.22, and I think I forced that one. EWZ was done today, pretty happy with that one. I will probably do 1 more trade on Monday and then let the others ride out. +Does anyone here use Technical Analysis for their theta gang strategies? Or does it not matter strictly going off high IV names. I used to be a TA addict, now I find myself going off the Greeks more. +I had Friday expiration QQQ put spreads $375/374 that I took a big loss on. + +Basically, QQQ was slightly above my strikes at the opening bell Friday and so when the market opened I closed them right away because I didn’t want to incur an even bigger loss. Of course, The Qs got bought up and rallied to $380. Sucks seeing that I didn’t need to take the loss but my question is, did I do the right thing by closing? It clearly could have gone the other way (things were looking very bearish at the moment). + +Did I miss anything that could have kept me holding the spreads or was it just best to take off the risk? +7.5% inflation? So your USD lost 7.5% of its value? And your solution to this is to...convert your stocks/options into USD? Absolutely brilliant! + +&#x200B; + +Listen here you fucking genius, just today, NVDA jumped 9%, which means if you just invested into that stock you would have beat inflation AND made money. Just invest your entire net worth into a good stock for ONE day and bam, you beat inflation. Life goes back to normal. + +This is not DD, and it's not "financial advice"... + + this is common fucking sense +With the Fed printing like 40% of US dollars over the last few years, everyone seems to explain this as why stocks are over valued. + +We've seen quite a large crash, particularly of many low and midcap tech stocks, to pre Covid levels. + +Shouldn't stocks remain over valued because of the money printing?? + +As I understand, reverse repos are huge ($2 trillion +) as it's understood that's the best place for money to go given the value that stocks went up to. + +However, it's dropped so much for many stocks, so wouldn't that money start to go back into these stocks at some point?? + +I understand stocks future earnings are to be revised lower due to higher interest rates, although shouldn't the extra money printing offset this?? +TechCrunch said developer Niantic planned to launch Pokemon GO across the country on Wednesday, but then canceled it over worries the hype generated by the game would overload its servers. +I've been asking myself the same kind of questions for a long time, why do most retailers only focus on belittling or ignoring the intentions of institutional investors, trying to avoid their manipulative maneuvers (stop outs, false breakouts, etc.) ? Why they don't take advantage of it? + +# Context + +I will start by introducing you their importance. In average 70% of the volume traded in the market comes from the institutional, and about 30% from retail investors. That basically means that the ones who control the market are institutions, they have a lot money under management, therefore they have liquidity problems because they are able to move the markets and are unable to get filled at specific price levels, this is not neccesarily a disadvantage since they are in control of every turn in the market, they are the ones who buy the absolute bottoms and sell the absolute tops, they don't have other choice. + +But how they make the decisions of buying or selling and where? It seems that nobody is trying to answer these types of questions. They fullfil their orders by taking advantage of the obvious behaviour of the retail participants, in other words they stop out, trigger stop orders and accumulate positions in zones where the retail investor is looking to do the opposite. + +# Conclusion + +If I have explained it well enough and you have understood it correctly, you will now know: + +1. Why most retail traders consider that calling tops or bottoms are a recipe for disaster? Mainly for two reason: one they don't understand how to manage risk when you trade agressively with no confirmation and two their "rules" (known as technical analysis) don't allow them to have the timing that institutional investors have. +2. Why almost never obvious support/resistance levels are respected to the pip (isn't everyone buying support selling resistance? Why does it extend above/below? You tell me) +3. Why patterns like head and shoulders work? It won't be that the first shoulder is the first phase institutional accumulation forming a maximum for the following breakout through that level to trap retail traders into buying to form the head (false breakout), and the shoulder is a re-accumulation phase to continue selling while retail traders still keep buying because, of course, is an "uptrend" you "shouldn't" sell. +4. How other patterns forms? Like double, triple tops/bottoms, cup and handles, pennants, flags, harmonic patterns (like bat or gartley patterns), do you have any idea? It won't be again related to the institutional manipulation? +5. What about obvious trendlines are they respected to the pip? Or they trap the retails in trendline breakouts to continue in the opposite direction? +6. What about range breakouts? The same? It won't be an accumulation phase to conclude turning in the direction where they have accumulated positions, to take price to a level where they will start again the manipulation proccess? +7. What about fibonacci, isn't common to buy/sell between the 38,2% - 50% retracement and place your stop below/above the 61,8% level? What normally happens in the 61,8% "support/resistance levels", are they respected to the pip? Or they stop you out to the pip to continue in the direction you where anticipating for? + +This is just some examples of the evidence about manipulation, and it is the basis of how I trade and understand markets, and now I will like to understand why is nobody talking about it and what do you think as (more than probably) retail investors? + +If for any reason you doubt me, I encourage you to check if what I am saying applies to charts for yourself. Look for price turns in any market (which is where institutional investors have buy/sell), now tell me, do you see any kind of stop out through any previous maximum/minimum and after that a price turn with continuation? Or do you recognise any manipulation pattern in the area where price have turned? + +What would happend if, for example, once the price has break through an obvious resistance level where there are many stop losses (liquidity), you decide to instead of buying the breakout, sell it, will you sometimes short the exact top? + +# Example + +To finish I will like to give an example of an **obvious and simple** manipulation stage in a random chart, in this case the S&P500 December 2019 H1. + +https://preview.redd.it/tykircb2utm61.png?width=1617&format=png&auto=webp&s=35b6a35aa4b0ae75db9e0762c56e3c6d53e55cee +>EPS: $1.40 vs. $0.99 est. + +>Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year + +>iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year + +>Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year + +>Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year + +>Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year + +>iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year + +>Gross margin: 42.5% vs. 39.8% estimated + +https://www.cnbc.com/2021/04/28/apple-aapl-earnings-q2-2021.html + +Other things to note, dividend is rising as expected to $0.22 per share (7% increase). They also announced $90billion in share buy backs. +I quit my job this year before I was even a profitable trader. I joined a couple of well known trading “schools” and quickly realized that the majority of them simply do it incorrectly. The continuous routine of checking gap scanners and trading news catalysts were bringing minimal results and seemed more like chance and gambling to me. Jumping in when the momentum is high and hoping it continues before the crashes seemed like these so called “trading instructors” just get lucky more often than not to the point where their profits outweigh their losses. But that’s all fine because nobody can trade knowing the future. The thing that turned me off of the normal way most people traded was the absolute hatred they seemed to have for the “smart money” on Wall Street. Trading is unfortunately a singular endeavor and these paid-for communities seemed to be taking advantage of the desperate people who wanted to find the secrets of the market. I was just curious as to this feeds opinion on the matter, and whether the hatred of the big shots on Wall Street was valid? +If Donuts are for sale, then we have no better signalling in here than an ETH coin vote. + +I am all in favour of donating, but the transfer of Donuts in any capacity regrettably allows for the sale of donuts. This means EthTrader polls become game-able. + +[View Poll](https://www.reddit.com/poll/aiq8o7) +Everyone has a unique story and struggles that are individual to them. ***I don’t want to know why you aren’t rich.*** I want to know why you’re in the place you’re currently in financially and what put you there? + +The title is somewhat inflammatory, because I’d like this post to receive some attention so I can genuinely understand the mindset and issues faced by those on this sub. + +I am not in poverty, but ***I have been*** and don’t want to be viewed as “rich people giving poor people advice when they’ve never been poor” as I saw a post on my feed about that. I’m not giving advice—I really really want to understand, because I know it’s hard… and only getting harder escape poverty. + +Edit: Thank you to those of you who are taking the time to answer and help me understand. And for those who have upvoted to keep this post from being negative. I really appreciate you each individually. + +Edit: Seriously, thank you for sharing your stories and current/past situations with me. I’m learning a lot of things that never even crossed my mind as a possibility. +I have an obligation in about 10 minutes that will keep me from replying for the next hour, but please continue to share. ***I will read every single comment on this post.*** And I’ll continue replying as soon as I can get back on. +So I'm looking to again renew my car insurance on a 2011 Subaru Outback with only 90,000km on it. Despite being with the same insurer for years its still costing me $770 a year with a $650 excess. Brutal. +Its insured for market value. I just looked at their document and they are claiming market value is $4500. Where the hell are they getting this value from? The equivalent sale on used car websites it like $15,000+ +I’m asking because while all the articles are being pushed down our throats, there’s one little thing that doesn’t make sense to me. + +How will they ‘crash’ when the demand is still there and the supply is limited? It doesn’t make sense, it’s literally economics 101. Furthermore there’s literally a rental crisis, it’s becoming cheaper to own a home and pay off your mortgage than to rent! This would further push people to buy. + +I live in Queensland, currently since April, our little suburb has had 4 new properties be listed. While the demand is roaring, they are listed for less than a few days because they get snatched up straight away. + +To me, this doesn’t make sense? Sure a crash may happen, but not until there’s a supply correction along with a rental correction. + +Supply is limited, demand is high, and yet prices will crash? It feels like a smokescreen. + + +BEIJING (Reuters) - China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. + +— + +China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global recession. + +— + +more: + +https://reut.rs/2JMquSJ +Thank you for looking out for retail. I know it is presumptuous of me to telk you what to focus on or talk about. + +PFOF is an important issue to be sure. But it seems to me that infinite liquidity facilitated by FTDs are at the core of our woes and the imbalance in the market between retail and big players. + +The ponzification of our markets has to stop. + +I hope you keep this issue in mind in your fight for transparency and fairness. + +Godspeed in your efforts. + +**Edit. Reply from u/dlauer: Agreed. We'll be expanding the WTI platform soon to work on this.** +Edit: I'm 22 years old, my £1000 is in a cash isa, I rent privatley for quite cheap and I have a 30hr a week £8 an hour job. Any more info required please ask. +My wife is due next month she’s getting to really slow down, I want to tell her she can stop working early but don’t know when I can’t support if both. Monthly my salary leave about $1,000 left over, after expenses are taken care of. +I know mathematically income > expenses +so on paper I’m probably fine. However I will have a new mouth to feed. At one point could we make the switch to single income? She is taking FML leave which is unpaid, because her company doesn’t offer maternity leave. + +Also any advice for other income sources or benefits, I live in the USA, West Virginia. +Me and my wife and 2 year old are currently living with my mum in a 3 bedroom house. Soon enough my wife will give birth to twins and ultimately won't be enough space to live here. + +Fortunately my mum inherited a small 2 bedroom terraced house from my dad that she gets rent from. The house is under my name but its like my mums property. My plan is to hopefully move in there and pay my mum a cheap rent (if that's okay with her) + +My larger plan is that my family (excluding my mum) need to live in our own 3 bedroom house. I also need a home office space. I have just about enough money now for a deposit for a 3 bedder but I don't want to be paying off a mortgage on a single income. So the plan was that the kids grow up in about 5 - 7 years and go to school and my wife gets a job to help with mortgage to buy a bigger house. + +So should I opt to buy a smaller house as an investment and then use that as a jumping point to a bigger house in the future? + +I am on 35k in Manchester. + +EDIT - Thanks to everyone for their awesome advice. After reading your comments I have soundly decided NOT to do this. +Guys, looking for some space agency/company stocks, are there any good one? i knoe that SpaceX isnt publicly trade, so i looking for others. +Any tips? I know that Boeing is planning something, but are there any people who can give me ani tips? Cause i think it is future +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have noticed that people are quite interested in learning about quantitative trading and are interested in finding new resources to tackle some of the problems in the subject directly. I will however pose that the best books to read are those which do never mention this subject and simply focus on say numerical analysis, stochastics, statistical physics among other subjects. The reason for that is that you then study methods and reasoning as applied in their original setting where they actually are meant to work. Now we all here like working on algotrading specific subjects, but to have an omelette you have to break some eggs, but to make a great one you need just a little more than just some broken eggs. + +That's it, happy developing outside of trading hours (and trading for those in Asia). + +&#x200B; + +the recommendations are only based on what I have read so highly based on my background mostly on large deviations and mechanics none of this is my own. + +\-[https://www.amazon.com/Applied-Stochastic-Analysis-Graduate-Mathematics/dp/1470449331](https://www.amazon.com/Applied-Stochastic-Analysis-Graduate-Mathematics/dp/1470449331) + +\-[https://www.amazon.com/Probability-Theory-Courant-Lecture-Notes/dp/0821828525/ref=sr\_1\_1?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-1-spell](https://www.amazon.com/Probability-Theory-Courant-Lecture-Notes/dp/0821828525/ref=sr_1_1?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-1-spell) + +\-[https://www.amazon.com/Probability-Theory-Courant-Lecture-Notes/dp/0821828525/ref=sr\_1\_1?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-1-spell](https://www.amazon.com/Probability-Theory-Courant-Lecture-Notes/dp/0821828525/ref=sr_1_1?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-1-spell) + +\-[https://www.amazon.com/Large-Deviations-Courant-Lecture-Notes/dp/082184086X/ref=sr\_1\_3?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-3-spell](https://www.amazon.com/Large-Deviations-Courant-Lecture-Notes/dp/082184086X/ref=sr_1_3?keywords=vardhan+courant&qid=1573000393&s=books&sr=1-3-spell) + +\-[http://www.physics.mcgill.ca/\~delrio/courses/phys559/lectures%20and%20notes/phys559\_notes.pdf](http://www.physics.mcgill.ca/~delrio/courses/phys559/lectures%20and%20notes/phys559_notes.pdf) + +\-[https://projecteuclid.org/euclid.aop/1176993370](https://projecteuclid.org/euclid.aop/1176993370) + +\-[http://people.math.umass.edu/\~rsellis/pdf-files/Les-Houches-lectures.pdf](http://people.math.umass.edu/~rsellis/pdf-files/Les-Houches-lectures.pdf) +Bought $TSLA calls for $635, 2/7 expiry. Don’t even have enough in my bank account now to cover this. Honestly I barely know what options are and all I can see if that I somehow am down $200+ already today? Am I in trouble here? I prayed to Elon for almost a full minute today but it keeps going down :( + +EDIT: Holy shit guys I made $3. I think I’m cashing out while I’m ahead, thanks for the tendies + +Edit2: Ended up making $25 total. Going to take that money and either buy a book to learn wtf I’m doing or buy some lube for next time, haven’t decided yet. Proof of tendies provided + +Edit3: Fuck me please stop asking. Yes I actually sold for $25 profit earlier today. Yes it’s worth like $69,000 right now. Yes I’m retarded. I’m well aware that I’m a pussy and should’ve held for Papa Musk to answer my prayers. + + +https://imgur.com/gallery/je0BjTc +I've had it with the: "Go with an index fund from Vanguard"-comments. It doesn't matter if you're in a thread discussing fundamental analysis or pitching a stock that you've been working on. Those comments are everywhere! + + I agree with the persons saying that index tracking is the "safe choice". I think that most of us agree on that point. Many of us are not here for the "safe choice" though. We're here for new ideas, interesting discussions and because we're hungry to learn more about the market and how to operate in it. + + Investing is so much more than index tracking. Investing is about sitting with your nose in form 10-K's/10-Q's/13-F's until your collapse over your desk from tiredness. Investing is about finding the bargain that turns out to be a ten bagger. Investing is about being wrong sometimes and admitting it. Investing is about the thrill you get when you bitch slap your benchmark index (on a risk-adjusted basis that is). + + So, I say to you r/investing, let's save the: "Go with an index fund from Vanguard"-comments for when they're needed. Don't drop by threads discussing fundamental analysis with a: "Eh, I don't think you guys can beat the market. Go with an index fund from Vanguard". Contribute with some wisdom you've earned through your time of operating the market, an appropriate quote from a legendary PM or something other useful. + + Let me end this meta-post with a paragraph from David Abrams essay in the latest version of "Security Analysis": + + "And so, to the aspiring young analyst, I can tell you that the answer to the question of the market's efficiency or lack thereof is clear: The market is inefficient enough. "Enough for what?" you ask. Inefficient enough for me - and you - to find some great opportunities from time to time. Not every day or every week, but often enough. The Great Illusion persists, leaving plenty of opportunities for those who wish to do the hard, sometimes boring, and often tedious work of value investing. Happy hunting!" + +A well know online furniture store appears to be on the verge of collapse. Not mentioning it by name in case I fall foul of the mods. + +I have 2 orders paid for by credit card. As the title says, should I cancel my order while the business is still solvent? + +What protection does my credit card give me if it does go bust? +My girlfriend and I have been saving for a house deposit for the last 10 years, because of a variety of reasons we've never been in a place to buy but we just kept on saving figuring that if house prices rose we'd be annoyed if we didn't. + +Now we're actually thinking of buying as our circumstances will be changing in about 6 months or so and I'm looking at mortgages for when we look at houses then, trying to sort of scope out the market etc. Our combined income is £60k and we've saved £110k (2 s&s LISA maxed out from the start and a savings account). We can get a house we want for about £320k at the moment, this might go up of course. + +I think we should be able to get a mortgage for this (and at quite. Bit less than we have been spending on rent) but basically is it worth actually putting £100k into the deposit. This will leave us about £10k to cover moving costs and other than that we have no savings at all. Obviously we haven't been in this position for quite some time - I've got quite used to having a massive safety net! + +Just wanted to check we shouldn't cut the deposit a bit more to give ourselves more savings to spend in the first few months of ownership, or if it's normal/wise to completely clear yourself out! +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I am filling in for our good friend u/Parsnip today and tomorrow! Fuckery abounds, but we know how this story ends. My hands are diamond, and I know yours are too friend. :) + +Today is Thursday, August 5th, and of course you know what that means! Join other apes around the world to watch low-frequency updates from a single German exchange! + +🚀 Buckle Up! 🚀 + +US Premarket is [open!](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) 🚀 + +* 🟥120 minutes in: $147.10 / 124,30 € +* ⬜️115 minutes in: $147.16 / 124,35 € +* ⬜️110 minutes in: $147.16 / 124,35 € +* 🟥105 minutes in: $147.16 / 124,35 € +* 🟥100 minutes in: $148.01 / 125,07 € +* 🟩95 minutes in: $148.05 / 125,10 € +* 🟩90 minutes in: $147.99 / 125,05 € +* 🟥85 minutes in: $145.92 / 123,30 € +* 🟥82 minutes in (sorry!): $146.00 / 123,37 € +* 🟥75 minutes in: $146.30 / 123,62 € +* 🟥70 minutes in: $146.86 / 124,10 € +* 🟩65 minutes in: $148.19 / 125,22 € +* 🟥60 minutes in: $144.73 / 122,30 € +* 🟥55 minutes in: $145.21 / 122,70 € +* ⬜️50 minutes in: $145.86 / 123,25 € +* 🟩45 minutes in: $145.86 / 123,25 € +* 🟥40 minutes in: $145.80 / 123,20 € +* 🟥35 minutes in: $145.86 / 123,25 € +* 🟩30 minutes in: $145.98 / 123,35 € +* 🟥25 minutes in: $145.88 / 123,27 € +* 🟥20 minutes in: $146.92 / 124,15 € +* 🟥15 minutes in: $147.16 / 124,35 € +* 🟥10 minutes in: $147.22 / 124,40 € +* 🟩 5 minutes in: $147.69 / 124,80 € +* 🟩 0 minutes in: $147.66 / 124,77 € +* 🟥 US close price: $146.80 / 124,05 € *($146.00 / 123,37 € after-hours)* + +FAQ: I am not as fancy as our friend u/Parsnip; I am just checking the price on [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) and converting to USD in Google. Today's euro -> USD conversion ratio is 1.1830. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://www.bloomberg.com/news/articles/2016-12-20/uber-s-loss-exceeds-800-million-in-third-quarter-on-1-7-billion-in-net-revenue + +>Even in the U.S., Uber's home market, the company continues to lose money. After turning a slight profit in the in the first quarter of this year, Uber lost $100 million in the U.S. in the second quarter. The loss increased in the third quarter, the person said. Lyft, Uber's largest U.S. competitor, has promised investors that it will keep its losses below $150 million a quarter. +https://www.cnbc.com/2019/09/01/fedex-ups-jockey-with-amazon-as-tech-giant-expands-into-shipping.html + +FedEx is expanding delivery service to seven days per week all year, but it ended its ground delivery contract with Amazon. + +UPS is exploring using drones and self-driving trucks. + +Amazon has built up its own transportation network, including a fleet of cargo planes. +Guten Morgen to this global band of Apes! 👋🦍 + +###I love this community + +I love how this community adjusts over time to be the best version of a Superstonk that there can be. We don't always get things right the first time around, but you can count on Apes to hold each other accountable and maintain high standards for what we want of this community. This continues to drag out far longer than most of us probably imagined back in January, February, or even March, but when I think back on those days I am proud to see how we have improved since then. I am proud of what we have become, and the continued refinement of our collective ideals. At a human level, it can be challenging to see others, who might be viewed as our opponents, struggling during these times and to resist the urge to dance. I applaud those who rise to the level of Ape and realize that their struggle is not what brings the MOASS. + +Short Hedge Funds closing their short positions is what will bring the MOASS. The day the DTC computers take over and start liquidating their portfolios to free up the funds to buy GME shares and close the short positions. THAT is the MOASS. Apes DRSing their shares, buying more, and HODLing with Diamantenhände is the best way to make that day come sooner. Supporting GameStop with our patronage, cheering its successes, and celebrating the transformation of the company we like. + +Yesterday's price surge certainly hinted at big things to come for GME this week, particularly as the option chain starts to get hedged as the price increases. What is in store for us today? + +Today is Tuesday, October 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$179.74 / 155,30 €** *(volume: 879)* +- ⬜ 115 minutes in: $179.98 / 155,50 € *(volume: 740)* +- 🟥 110 minutes in: $179.98 / 155,50 € *(volume: 737)* +- ⬜ 105 minutes in: $179.99 / 155,51 € *(volume: 737)* +- 🟩 100 minutes in: $179.99 / 155,51 € *(volume: 737)* +- 🟩 95 minutes in: $179.45 / 155,05 € *(volume: 619)* +- 🟥 90 minutes in: $179.40 / 155,00 € *(volume: 589)* +- 🟩 85 minutes in: $179.80 / 155,35 € *(volume: 558)* +- 🟥 80 minutes in: $178.04 / 153,82 € *(volume: 558)* +- 🟩 75 minutes in: $178.72 / 154,41 € *(volume: 473)* +- 🟩 70 minutes in: $178.59 / 154,30 € *(volume: 438)* +- 🟩 65 minutes in: $177.41 / 153,29 € *(volume: 414)* +- 🟩 60 minutes in: $176.71 / 152,68 € *(volume: 409)* +- 🟥 55 minutes in: $176.69 / 152,66 € *(volume: 399)* +- 🟥 50 minutes in: $176.84 / 152,79 € *(volume: 388)* +- 🟩 45 minutes in: $176.98 / 152,91 € *(volume: 383)* +- 🟥 40 minutes in: $176.94 / 152,88 € *(volume: 372)* +- 🟥 35 minutes in: $177.10 / 153,01 € *(volume: 365)* +- 🟩 30 minutes in: $177.20 / 153,10 € *(volume: 365)* +- 🟩 25 minutes in: $177.17 / 153,07 € *(volume: 326)* +- 🟥 20 minutes in: $177.01 / 152,94 € *(volume: 326)* +- 🟥 15 minutes in: $177.10 / 153,01 € *(volume: 289)* +- 🟩 10 minutes in: $177.60 / 153,45 € *(volume: 182)* +- 🟥 5 minutes in: $177.53 / 153,39 € *(volume: 182)* +- 🟥 0 minutes in: $177.83 / 153,65 € *(volume: 75)* +- 🟩 US close price: $178.10 / 153,88 € *($178.00 / 153,79 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1574. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I am moving out for the first time and don't know anything about apartments. I have a few questions that I ask about the buildings but not much more. + +I have heard that there are lots of hidden fees that are on top of my rent and they seem not want to tell me those fees besides the rent and I need to know what are some typical fees so I can ask about those directly and get an answer so I know how to budget so they get their money on time and I live comfortably + +Please let me know. Any bit of help goes a long way for me right now since this is my first time. + +For some context I am in California +There's plenty that separates the 1930s from today's business cycle. Unfortunately, "debt" isn't one of them. I'm writing this because I think we are at a critical juncture where policymakers can either get out in front of this thing -- globally -- or tinker at the edges as it all comes down. In other words, there's a normative meme here and a positive one. More on this in a minute. + +The kernel of the market's worries over Europe has been debt. First it was the sovereign debt of Greece. Then its neighbours'. Now it's the debt of the private banking sector. This is what has me writing today. Because the more we learn about what's on the balance sheet, the less we like it. Are banks, whether in the USA or Europe, forthright about the quality of their assets? Of course not. Are they coddled by supervisors and regulators? Sure, to some extent. What else do you call relaxation of mark-to-market accounting? It seemed like a wise move at the time, as the world was coming to an end and we just needed to stabilise the banking system when it was tottering. But it doesn't change the underlying reality of the balance sheet. And this is what brings to mind the chain-of-events in the Great Depression. Debt was a key link in the globalisation and severity of that downturn. Although there were debts souring all over the place from 1928 onwards (yes, 1928, before 1929), it wasn't till 1931 that a major sovereign came under fire. Guess what: that was three years after the peak of the credit boom (1928). Our credit boom peaked in 2007. + +From ["A beginner's guide to the Great Depression and the link to today"](http://www.open-thinking.com/2010/05/readers-digest-version-will-summer-2010.html): + +> **1931.** Till this point there had been no major sovereign debt default. That was about to change. Souring loans among the commodity exporters killed the appetite for foreign lending, and this "transformed the Central European financial situation" (p.261). The banking system there had grown heavily dependent upon foreign funds. As those vanished, there was little left to provide domestic depositors who wanted out. In May 1931, a lot of them did: the financial status of Austria's biggest bank was revealed: "deteriorating loan performance had completely wiped out" its capital, in a bank whose balance sheet was as large as the government's total budget (p. 265). The ensuing bank crisis was enough to bring down the Austrian currency and turn the spotlight on troubles in Hungary and Germany, bringing down their currencies too. + +The star player in that story was Credit Anstalt. Worth googling. My point is that events had escaped the grasp of policymakers. Now, I want to point out what we are doing/will do (the positive), and then finish on what we can do (the normative). + +**Will do**. Policymakers in 1931 were hamstrung by the notion that the fixed exchange-rate-regime in Europe must be preserved at all costs. What motivated this prioritisation? Dogma. The prevailing wisdom at the time held defence of the gold standard to be defence of civilisation itself. (Later, when those countries which left the gold standard performed remarkably better than those that didn't, this assertion was shown to be unsupported -- which makes it an example of [dogma](http://en.wiktionary.org/wiki/dogma#Noun).) Today, policymakers are bent on maintaining the EMU exactly as it stands, and making the creditors 'whole' (i.e. no haircuts). What policies suit this prioritization? Austerity and suffocation. No haircut=austerity. No currency devaluation=suffocation. Even if wages are cut, they can't be cut far enough to generate an external surplus. Did you know that, according to [the IMF's own programme](http://www.imf.org/external/pubs/ft/scr/2010/cr10110.pdf) (pdf), Greece will still have a debt/GDP ratio of 120% in 2020? (Tops out at 150% in 2013 I think.) That's if everything *goes to plan*. Why the emphasis on keeping the eurozone in tact *at all costs*? Dogma. Whether it's political (We face an "existential" crisis -- Merkel) or economic ("leaving the monetary union would be a dramatically disastrous event for everyone" -- Wyplosz). What are the foundations for the categorical assertions? What are the costs of complying with them? At minimum, they spell years of depression in at least part of the eurozone, and the markets know it. My guess is there's no way to ring-fence this thing, either. + +**Can do.** If it's true that we can't ring-fence the troubles in Club Med/Ireland, and if it's true that the web-of-debt today is no less impressive than that befuddling policymakers in 1931, then we've got to get ahead of this thing. Globally, it's time to take an extremely broad and realistic view. The credit boom from which we are all contracting was epic. Start in Europe. Get a debt solution over with. It won't be pretty but it won't be nearly as bad as the hard money people will have you believe. AS SOON AS the overhang of debt is addressed in a realistic way, which explicitly countenances a realistic growth path for the debtors, the markets will start discounting high growth. Because this is a bullish platform. Take the hyperinflationistas with a pinch of salt: paper money is not going to go up in flames. There is over-ample supply capacity in the global economy, and the worth of money comes not from the intrinsic value of the medium but the technology it serves: money is a means-of-exchange and has tremendous transactions utility. That's why paper money has value. Come to mention it, this is the only way to explain why gold coins circulated at far in excess of their intrinsic metallic value in the 19th century. They fulfilled a transactions utility. You could have as easily looked at the gold standard back then and cried "fiat money!" as you can now. Not quite ... but that's a pandora's box for later. + +EDIT + +Specifically: What is the right thing to do, part 1 (policymakers) + +1. Convert the eur 750 bn rescue fund to a re-capitalisation fund for the banking system. +2. Agree a restructuring of Greek sovereign debt with the creditors. +3. Provide an EU imprimatur for a *force majeure* re-denomination of Greek contracts in drachma, including cross-border contracts. +4. Have the Greek central bank exchange euro for drachma at the rate of 1 for 1. There is no need to make it 1 to 5 or whatever. The point is that the drachma will depreciate against the euro and other currencies in the fx market, whilst still being used like a euro at home. +5. (EDIT) Require Greek taxes to be paid in drachma. +6. Secure the agreement of Greek unions not to index wage demands to expectations of inflation for a fixed period of four years. + +These steps are not pleasant but they are necessary and are not unprecedented. Labour agreements like this are a staple of "exchange-rate based stabilisation" policy and have been done dozens of times. On the forcible re-denomination: FDR devalued the gold value of the dollar in 1933 and forcibly abrogated the gold clause in all US debt contracts (which abrogation was upheld by the Supreme Court). **I can understand how odious this sounds**, but in fact it was crucial and US recovery got underway once FDR devalued the dollar. Look at just about any time-series graph of activity in the 1930s. It's unmistakable. + +Please consider the 'counterfactual'. Where does Europe's Plan A lead? +Well, that's the **ASX** done for another financial year. + +&#x200B; + +Now's the time to move towards the more reflective questions... + +&#x200B; + +'How do I face my accountant without collapsing in a guilt ridden heap?' + +'Will the wife's boyfriend let me come inside the house again this winter?' + +'Will next financial year finally be the year I learn to do some Research?' + +'What should I **YOLO** my tax return into? + +'Is it possible to make a Hot Crapper post entirely made of Acronyms?' + +&#x200B; + +For some of you, it's time to face the music. For others, its time to enjoy some well deserved gloating. + +Regardless of where you fall on the spectrum, its all detailed below. + +&#x200B; + +Lets get this done. + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +&#x200B; + +\- u/Super_Fisherman has come through with [a life-line donation](https://www.reddit.com/r/ASX_Bets/comments/o6wgn2/lifeline_donations_are_doubled_today_240621_as/?utm_source=share&utm_medium=web2x&context=3) post. + +Outstanding work, the volume of donations generated from r/ASX_Bets is truly astounding... + +&#x200B; + +\- the creator of The **SCAM DREAM**, u/goodday_best has returned, again with a suitably incomprehensible [musing](https://www.reddit.com/r/ASX_Bets/comments/o7g18u/is_not_the_betting_and_trading_works_same/?utm_source=share&utm_medium=web2x&context=3) regarding, well, something or other... + +&#x200B; + +\- u/GlitteringFunction5 reminded us all to [Show the Love](https://www.reddit.com/r/ASX_Bets/comments/o7yl52/beginners_social_skills_for_autists/?utm_source=share&utm_medium=web2x&context=3) to the folks who make a big effort on posting. + +**Mods** love a good shit-post, but the high effort **DD** and other stuff deserves recognition too. + +*(I mean if we are being honest some of the Taco's or Mutated's posts comprise of more effort than we put in over a whole year researching stonks...)* + +&#x200B; + +\- Mi-Goreng has a [New Challenger](https://www.reddit.com/r/ASX_Bets/comments/o7i3to/i_have_found_a_competitor_to_mi_goreng_for_all/?utm_source=share&utm_medium=web2x&context=3), after u/JDogg_83 spotted this gem on the shelves... + +&#x200B; + +\- A very interesting write up from u/theoriginaluser01 regarding [Options](https://www.reddit.com/r/ASX_Bets/comments/o7dc10/valuing_options_or_how_i_learned_to_stop_worrying/?utm_source=share&utm_medium=web2x&context=3) was posted a while ago. Well worth a read for those interested... + +&#x200B; + +\- As always, a little bit of [Loss Porn](https://www.reddit.com/r/ASX_Bets/comments/o6v8fp/greetings_fellow_autists_im_here_to_share_my_peak/?utm_source=share&utm_medium=web2x&context=3) is always appreciated. + +Cheers u/sayayyy.... + +&#x200B; + +\- Blade Runner keeping up the [Advertising campaign](https://www.reddit.com/r/ASX_Bets/comments/o4pamq/your_time_is_near/?utm_source=share&utm_medium=web2x&context=3), the time draws near... + +&#x200B; + +\- u/ChZakalwe is channeling Plucky, creating an abstract [Polling Post](https://www.reddit.com/r/ASX_Bets/comments/oa6j7x/which_mod_is_the_pervert/?utm_source=share&utm_medium=web2x&context=3) to keep you all amused. + +For the record, **Mods** all voted the same way... + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +&#x200B; + +\- u/poimnas has a bet on **IVZ**, claiming they [Will not drill in 2021](https://www.reddit.com/r/ASX_Bets/comments/o7bzx5/market_open_thread_for_general_trading_and_plans/h2xy8gl?utm_source=share&utm_medium=web2x&context=3). If they begin to burrow, its a 1 month ban. + +&#x200B; + +\- u/ewanelaborate had a bet on with u/like_turtles regarding [Futures.](https://www.reddit.com/r/ASX_Bets/comments/o4i8wm/market_open_thread_for_general_trading_and_plans/h2hhkrg?utm_source=share&utm_medium=web2x&context=3) + +Let the record show the debt has been paid. + +&#x200B; + +\- u/itsdankreddit has achieved 2 things. + +Firstly, they are betting on **NVX** to [Touch $2.50 on or before July 1st](https://www.reddit.com/r/ASX_Bets/comments/o2bfc3/market_open_thread_for_general_trading_and_plans/h26i6z9?utm_source=share&utm_medium=web2x&context=3) + +Secondly, they have achieved a place on my predictive text roll due to the sheer number of times I type their username into the damn screen... + +&#x200B; + +\- u/UncleChunkz is backing **IHL** to announce the [NASDAQ listing](https://www.reddit.com/r/ASX_Bets/comments/o9whcu/market_open_thread_for_general_trading_and_plans/h3dwubg?utm_source=share&utm_medium=web2x&context=3) by September 30th. + +Failure to launch will equal a 3 month ban. + +&#x200B; + +\- u/Hold_Individual owes us some proof on a **XST** [claim](https://www.reddit.com/r/ASX_Bets/comments/o9whcu/market_open_thread_for_general_trading_and_plans/h3dvwct?utm_source=share&utm_medium=web2x&context=3)... tick fucking tock... + +&#x200B; + +&#x200B; + +**BETS DUE** + +&#x200B; + +&#x200B; + +Right, its time to pay the Piper. + +A bunch of long term bets come due **TODAY**, listed below. With a bit of luck, these should come trickling in over the next week or so, stay tuned........ + +&#x200B; + +Remember the equation folks. + +&#x200B; + +MAKE A BET + FAIL TO FOLLOW THROUGH = **PERMA BAN** + +&#x200B; + +[*u/Hasra23*](https://www.reddit.com/u/Hasra23/) *claiming that* [*JXT will hit 30c by EOFY*](https://www.reddit.com/r/ASX_Bets/comments/ljkczp/daily_thread_for_general_trading_and_plans_for/gne1wyq?utm_source=share&utm_medium=web2x&context=3) *or its hat eating time.* + +Well, guess what, it's hat eating time.... + +&#x200B; + +\- [*u/EvilShogun*](https://www.reddit.com/u/EvilShogun/) *has bet* ***IOU*** *to hit $1 by the end of the financial year or they will post the* [*survey post*](https://www.reddit.com/r/ASX_Bets/comments/lsj8c5/market_open_thread_for_general_trading_and_plans/gosd8b9?utm_source=share&utm_medium=web2x&context=3)*.* + +Time to step up Sex Toy Dude, we are looking forward to a survey post revival... + +&#x200B; + +\- [*u/Andrew5269*](https://www.reddit.com/u/Andrew5269/) *has bet that* [*ARU will hit $1*](https://www.reddit.com/r/ASX_Bets/comments/kxtg2m/if_aru_doesnt_hit_1_by_the_end_of_the_financial/?utm_source=share&utm_medium=web2x&context=3) *by EOFY or they will* ***eat a $100 note.*** + +This bet was altered via popular vote to [A shooey with a carton of eggs](https://www.reddit.com/r/ASX_Bets/comments/o5h9gs/regarding_my_bet_to_eat_a_100_note/?utm_source=share&utm_medium=web2x&context=3) after the user finally realized eating legal tender is, well, illegal. + +Time to get chugging Andy... + +&#x200B; + +\- u/phlanoe disputed and won the **IVZ** bet with Suge listed below, a donation to [The Wombat awareness mob](https://www.reddit.com/r/ASX_Bets/comments/n89k9x/premarket_thread_for_general_trading_and_plans/gxjg2ua?utm_source=share&utm_medium=web2x&context=3) was also on the line.... + +&#x200B; + +\- u/dunny29, has missed the opportunity to [Adopt a Penguin](https://www.reddit.com/r/ASX_Bets/comments/nja7t5/ffx_firefinch_dd_26_week_plan_targeting_a_50_gain/gz7wfbv?utm_source=share&utm_medium=web2x&context=3), with **FFX** failing to reach to lofty heights of $0.69 before EOFY.... + +&#x200B; + +\- u/WistfulWhiskers bet **MAN** will be 40c by the end of June or the will do an [improvised milk keg stand](https://www.reddit.com/r/ASX_Bets/comments/npoqxs/premarket_thread_for_general_trading_and_plans/h06hkie?utm_source=share&utm_medium=web2x&context=3). + +I'm beginning to suspect the original Shooey user just enjoys doing sick shit. + +Regardless, its time.... + +&#x200B; + +\- u/icanhasanonymity joined in on the [donation pledge](https://www.reddit.com/r/ASX_Bets/comments/nw9tb8/market_open_thread_for_general_trading_and_plans/h184icw?utm_source=share&utm_medium=web2x&context=3) too, but is not required to come through after **FFX** failed to hit the mark.. + +&#x200B; + +&#x200B; + +https://preview.redd.it/ggv6615tvo771.png?width=819&format=png&auto=webp&s=4e68a968fef748bba0a49299b6db630aac7c4e2d + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- Before we kick off, can someone read the link and tell me if we need to ban u/Rosencrantz1710 ? + +This was a [Complex portfolio wager](https://www.reddit.com/r/ASX_Bets/comments/nq851w/market_open_thread_for_general_trading_and_plans/h0a35le?utm_source=share&utm_medium=web2x&context=3). Its due **June 30th**, or its a week in r/ASX_banned... + +&#x200B; + + \- [u/HyperIndian](https://www.reddit.com/u/HyperIndian/) is banned for 6 months after failing their bet that **MGT** will go to $**0.12** by the [30/6/21](https://www.reddit.com/r/ASX_Bets/comments/n1hmug/market_open_thread_for_general_trading_and_plans/gwd5x0s?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + + \- [u/Maleficent\_8448](https://www.reddit.com/u/Maleficent_8448/) is on a [6 month holiday](https://www.reddit.com/r/ASX_Bets/comments/n3j4ab/market_open_thread_for_general_trading_and_plans/gwqzhgb?utm_source=share&utm_medium=web2x&context=3) after **BPH** approval didn't come through prior to Junes end. + +&#x200B; + +\- u/SugeKnight_StandOver is off to enjoy [A month in the shadow realm](https://www.reddit.com/r/ASX_Bets/comments/n89k9x/premarket_thread_for_general_trading_and_plans/gxhergo?utm_source=share&utm_medium=web2x&context=3) after **IVZ** failed to get to 30c by June's end. + +\- u/tynub89 shall be accompanying them into exile, after joining to failed side of this bet too. + +&#x200B; + +\- u/CaoticMoments will [take a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/nc397s/weekend_thread_for_general_discussion_and_plans/gy7j57x?utm_source=share&utm_medium=web2x&context=3) after the **BPH** permit was not Denied by **June 30th**. + +&#x200B; + +\- u/maybethough will be enjoying a month in the shadow realm, after a failed bet backing **RLT** to hit [$3 on or before June 30th](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz8wsm6?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/check_meat will be absent for a month also, coming up short on **TLG** being $1.80 [by the end of June](https://www.reddit.com/r/ASX_Bets/comments/nlbgyy/premarket_thread_for_general_trading_and_plans/gzhriz1?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/WadoBJJ87 has [a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/nw9tb8/market_open_thread_for_general_trading_and_plans/h180qz8?utm_source=share&utm_medium=web2x&context=3) after **FFX** failed to get to **60c** by EOFY. + +&#x200B; + +\- u/itsdandreddit also bet **LKE** to [close green](https://www.reddit.com/r/ASX_Bets/comments/o9foj2/premarket_thread_for_general_trading_and_plans/h3dlhgs?utm_source=share&utm_medium=web2x&context=3) securing themselves a week on the sidelines + +&#x200B; + +\- u/springoniondip made a complex **LKE** bet involving [a swing in price](https://www.reddit.com/r/ASX_Bets/comments/o5hplg/premarket_thread_for_general_trading_and_plans/h2phgnk?utm_source=share&utm_medium=web2x&context=3) falling at the first hurdle sending them into the shadow realm for a week. + +&#x200B; + +\- u/toolman2019 has been given a [Perma Ban](https://www.reddit.com/r/ASX_Bets/comments/oa3uu5/the_average_iq_in_this_place_is_about_to_go_up/?utm_source=share&utm_medium=web2x&context=3) after this post. + +&#x200B; + +\- u/atayls4 is back and wasting no time wading straight into controversy, winning a [PERMA BAN](https://www.reddit.com/r/ASX_Bets/comments/o7xy08/citibank_launches_bnpl_product/h3ahn2n?utm_source=share&utm_medium=web2x&context=3) bet against u/Exact-Lawyer5279. + +A stay of execution was granted however, the Lawyer living up to their username and the Bear playing the gracious victor... + +&#x200B; + +&#x200B; + +**NOW BEFORE WE SIGN OFF, A NOTE FOR THE POOR AUTISMO'S IN THE ''BAN'' SECTION ONLY.** + +&#x200B; + +**THE PURGE SHALL BE BEGINNING SHORTLY.** + +**IF YOU WISH TO PARTICIPATE MODS WILL SUSPEND YOUR BAN PENDING COMPLETION OF THE PURGE.** + +**BANS WILL NOT COME INTO AFFECT UNTIL SUNDAY REGARDLESS, GIVING YOU TIME TO SEE THE DETAILS OF THE PURGE, UNFOLDING SHORTLY.** + +&#x200B; + +**THOSE WHO WISH TO TAKE THE OFFER, COMMENT BELOW.** + +&#x200B; + +*(yes, caps lock when discussing the purge is a tradition...)* + +&#x200B; + +&#x200B; + +**TLDR:** ώρα να αντιμετωπίσετε τη μουσική +Hi all, just the residential FIJ DD nerd here who reads HC threads and copies DD. + +So many retards here don't know why FIJ is a big fat BUY. Both as a short term trade and long term trade alike. I wont get too deep into the longer term trade potential, please read the hot copper thread for that as the guys on there are insanely indepth with their research. + +First a quick summary of the company: FIJ = Fiji Kava, a company that farms and produces natural medicinal supplements for anxiety and insomnia using Kava, a pacific island root that has been called 'Natures Xanax" but unike benzos/xanax, Kava has very, very little side effects and no addictive properties. Now you have a summary, the rocket shit: + +Here is the next 2-4 weeks worth of speculation and why people expecting FIJ to be the next rocket: + +&#x200B; + +* NZ Pharmacy contract is ready for continuation ann over the next week + their NZ exclusivity clause ends, so perhaps a further NZ distribution deal with a different retailer is on the cards if already in the pipelines +* Woolworths contract speculation with arguably strong DD behind it (next 2 -4 weeks most probs) +* Kava Tea Bag announcement (GM of Sales confirmed their production on a off hand interview with a small Fijian news paper) +* Quarterly report (Many expecting a 50-100% quarterly growth for revenue - due in 2 weeks time, as many contracts revenue are only beginning to be recognised in this quarter = revenue catalyst) +* FIJ have been working closely with the US-Fijian Ambassador, there is an expected announcement coming soon regarding USA Kava market penetration, as that is the largest international Kava market in the world. Might occur over the horizon of 3-6 months, expected to + +The recent down trend in stock price was due to a $4.5M capital raising (mind you, was only originally a $3M raising but they received bids for $12M from banks/funds, and management decided to take an oversubscribed $4.5M). + +They are now a $30M market cap company with a complete vertically integrated business from Kava farm to pill, with an $8M contract with China over 3 years (A massive incentive if they hit $10 MILLION IN A SINGLE YEAR - puts into perspective how big this contract could be), a $3M contract with Australia which involves a Blackmores contract, a Coles/Mr Vitamins/Green Cross Pharmacy chain distribution contract, and have insanely good management: + +Director: Nicholas Simms, is ex CEO of BUB, bringing it from a $30M company to a $570M company before leaving. He has great connections with Chinese sales superstar Chi Li (who was the CEO of BUBs China) and where the $8M contract partnership comes from - the DUO is back to bring FIJ the same level of Chinese success that BUBS did. Nicholas Simms also has strong contacts with Woolworths and Chemist Warehouse which seem like a natural progression. + +Zane Yoshida (FIJ CEO) works very, very closely with PHAMA (the fijian agriculture body) and CODEX (WHO) for a international kava standard/best farming practises etc, and has done for the past 10 years. FIJ are the only public kava company in the world able to capitalise on this Kava boom, which has seen Kava bars in USA to go from zero bars to 180 in 3 years. + +I believe this will be a $100-150M company in 12-18 months, as the biggest Kava market that has been untouched by FIJ (USA) up until this point, begins to be penetrated, alongside our Australia govt which just spent $2M in the recent budget for Kava alone, to get it in all commercial forms into Australian stores as of 2021 (until now it was only medicinal uses). This allows FIJ to sell Powders/Kava Tea and beverages in Australia within 6 months time. + +US contract + Kava Boom in Aussie borders with Kava bars + revenue being recognised from the China contract in quarterlys marking further revenue catalysts = expected $10-20M annual revenue from 2022FY (market prices it into the equation in advance upon these ann being released), completely integrated supply chain = \~35% profit, = PE of a marijuana or biotech of 25x 7m = $175M market cap. + +The banks will be piling into this stock from this quarterly onwards. + +This is one big windfall gents! Dont miss it. DYOR, not financial advice, all of this post is to be taken as pure speculation. +I'm thinking there may be an uptick in clean energy and green small caps after the upcoming COP26. + +Any thoughts? Anyone specifically looking at EGR or GNX as plays? + +Could be rockets? I have no fucking idea. I need a clean energy guru to guide me. +**Summary** + +A Comet, according to NASA is " a cosmic snowball of frozen gases, rock and dust that orbits the Sun. When a **comet's** orbit brings it close to the Sun, it heats up and spews dust and gases into a giant glowing head larger than most planets. " What does that mean? We are not only going to the Moon but to the Sun instead. /s + +CRL is a Junior Explorer that has substantial upside to its current position, if drilling comes back successful. It has three main projects but two are of further interest. Cashed up recently after a $1M Capital Raise at 2c to Peloton Capital who have quite a decent track record and relatively low expenses, only burning through >$200K last quarter and has three imminent drilling programs. Worthy punt at a small EV. The two major projects are Copper and Gold based. + +**Company Information** + +SP - 2.5c + +MC - $15.3M + +Cash - $3.38M + +EV - $12M + +SOI - 612,587,269 + +**Copper Project (Barraba)** + +[Copper 10 Year Highs \(Credit: Assad Tannous\)](https://preview.redd.it/rp67lm2365h61.png?width=1718&format=png&auto=webp&s=245c8b75adfdf8cfae5e471ffca7b1f280403854) + +Copper is breaking out and continues to foray onward, fundamentals on this commodity are bullish. Do your own research on why. + +CRL has two NSW based copper tenements, with a 5% average on the grades. These are very high grades, and whilst they are historical results if the imminent drilling programs return roughly the same grades or HIGHER this will explode. + +Drilling on the Gulf Creek Mine tenement is about to commence imminently. Drilling targets for the Murchison tenement are being planned currently. + +Because both these tenements are based in Australia, they attract a premium and investor confidence is higher here than compared to overseas copper projects. With copper continuing to break out, there is no doubt that this is the main reason why this miner looks so attractive. + +Successful drill results on the Gulf Creek tenement would be the catalyst to a re-rate. + +**Gold Project (Santa Teresa)** + +High Grade Shallow Gold in Santa Teresa (Mexico). A shallow gold play with a monster deposit that I'm sure most of you would be familiar with is NVA in Alaska. + +Drilling to commence Q1 2021 + +Read the full announcement here + +[https://newswire.iguana2.com/af5f4d73c1a54a33/crl.asx/6A1012789/CRL\_Santa\_Teresa\_Gold\_Project\_Drilling\_to\_Commence\_Q1\_2021](https://newswire.iguana2.com/af5f4d73c1a54a33/crl.asx/6A1012789/CRL_Santa_Teresa_Gold_Project_Drilling_to_Commence_Q1_2021) + +JORC can be found here. 7.5 g/t average. + +[https://newswire.iguana2.com/af5f4d73c1a54a33/crl.asx/6A1000863/CRL\_Initial\_JORC\_Resource\_Santa\_Teresa\_Gold\_Project](https://newswire.iguana2.com/af5f4d73c1a54a33/crl.asx/6A1000863/CRL_Initial_JORC_Resource_Santa_Teresa_Gold_Project) + +Permits for drilling expected to be recieved by Q1 CY2021 (March latest)Commencement of drilling program to be expected by Late Q1/ Early Q2 2021 + +Of interest to note is the fact that CRL has already signed an agreement w/ Raptor Capital who they acquired the Santa Teresa Project from in relation to royalties and payments once CRL has started production from Santa Teresa. This indicates a high level of confidence from Raptor to the likelihood of CRL actually being able to produce. + +**Capital Markets Thoughts** + +Peloton Capital did the recent raise at 2c. In exchange for their services, they were given options with varying strikes. + +1. 6.1M with a 3c strike +2. 6.1M with a 5c strike +3. 6.1M with a 7c strike + +Peloton has had a generally solid success rate with raises they are involved in, but they do a lot more of them compared to the likes of Canary Capital who are more picky and co-invest with clients. Some of Peloton's best performers have been IHL who they raised at 7.8c, IHL recently hit highs of 22c this week. They also performed a raise on RNT in 2018 at 7.7c. RNT has exploded recently to 28c after Bevan Slattery's placement. It is moreso their options incentives that provides some magnets to the SP. + +Sophisticated Investors who took the raise were given free options with a 3c strike, 25M total. What is a likely outcome is that they trimmed profit from their 2c placement shares and keep the free options, but no doubt they would like a pump well above 3c so they can exercise and profit. + +There are also three sets of unlisted options with a strike of 0.06c, and one set with a strike of 2c. These expire June 2021, no doubt these oppie holders would like CRL to be above 6c by then. + +**Final Thoughts** + +Risk/Reward is compelling here, especially at these levels. With Copper proving to be a remarkably strong and hardly discussed commodity, the drill bit will do the talking with two tenements in the Copper Project and if either or both strike big, the SP will re-rate accordingly. It is also a positive that the Copper Project is Australia based, investors always add a premium for that versus overseas plays. + +The Gold Project also adds additional potential to the play, and Santa Teresa could be drilling simultaneously alongside the Copper tenements if permits are granted on time. + +**A message** + +RIP RicklePickleMyDickle. Rest in Pumphalla, Any retards that thought they should P&D this stock I hope you have all paperhanded out of it by now, fuck off. + +&#x200B; + +https://preview.redd.it/ydpm54vh65h61.png?width=504&format=png&auto=webp&s=b06a8d6ed1e54b3498c363ba757e99746ef55ee4 +I was super diligent with my finances for most of my life. Aggressive budgeting, saving money, being frugal with new things, and investing all I could. Well I was able to double my income in just a few years and thought I could increase my budget a bit. + +I bought a house and with that, knew I had to spend a bit more. Well I stopped budgeting for the several months since then and kept telling myself “I’m still getting settled in, my monthly spend will go down soon”. + +I just checked my September expenses and I spent $1400 on food for just myself and my wife. Like wtf how does someone spend that much on food. I always looked through transactions and saw small payments so I thought it was fine, but I never realized how much it actually adds up. + +I dont feel like I enjoyed more food than previous months compared to the months where I spend half as much. It was a huge lesson for me. I’m starting up my budget again and any project money for the house will be put to the side. It’s really crazy how fast things can get out of hand. +Hello all. Throwaway for fatFIRE posts. + +\~18M NW + +edit: I am married and have 3 children + +Not RE yet but planning in possibly the next 2 years. Being conservative, most likely in the 25M range. + +I am looking for some advice from folks in the NW range where you are pushing the Estate Tax Exemption limits (10M+). I have not done any estate planning yet and my New Years Resolution was to get that done this year. + +I have met with an attorney who does estate planning and is also previously a CPA. I am looking at all the basic stuff (will, trust, living trust, living will, poe, etc) but I am running into a lot of questions about planning for the far distant future that I am having a hard time figuring out. + +For instance, some of the strategies don't come into play until much later in life, or put in place severe limitations to how I or my spouse can use the money in the mean time. I want to leave things open to making future equity investments and such, so having the money locked away seems "not good". + +How do you balance retiring so young but with so much? I definitely plan on making use of my moneyfor the next 50 years and obviously I also want to leave my kids a good amount and want to be smart about taxes and such, but to really get aggressive with this stuff you basically have to relinquish control of the money to where you can't really use it. + +Is anyone willing to share what they did in a similar situation? + +P.S. I am also looking into some referrals for estate planners who may be more used to dealing with fatFIRErs who are on the younger side. Haven't had much luck yet. + +&#x200B; +Hi there, please be sure to read through this post before being judgmental or responding. I will try my best to give all the information I can. + +Basically, Right when Covid hit I was Pregnant with my second child. From December of 2019-May of 2020 I could not work due to pregnancy complications. I then had horrible complications that landed me in and out of the hospital afterwards. + +I also have back problems (scoliosis) and well as diagnosed OCD and Bipolar 2. I've never recieve any type of disability or unemployment. I went back to work briefly this past holiday season but hours were low and I could barely afford to save anything with childcare. + +Two of my bank accounts have been closed for being past due and I have multiple financial accounts in collections, mostly medical. + +I'd really like to start improving my financial situation. I job hunt every day and am hoping to find something soon. + +In the mean time, does anyone know of any relief programs I can sign up for or basically anything that might aid me in my journey to healing my financial situation? Do I call my banks? Do I call the debt collectors back even though I can't pay anything right now? Am I just screwed until I get a job? + +For those wondering how I have been surviving, I stay at home with my two kids while my boyfriend (their dad) has been working and recieving unemployment. Obviously one income is not enough for me to work on paying off my debts. We live at my mom's and she gives us a great deal on rent in exchange for claiming me on taxes. She's claimed me in 2020 so I'm not sure what kind of relief I can qualify for. + +Thank you in advance for all responses. +EDIT: Thanks for all the warning and advice! Have declined their offer + +So I'm new to the UK, unsure of laws and job markets. Came across a job as a trainee Letting Agent in London with £500/month salary and +£80 commission per contract signed. Apparently trainees get 10 per month signed and 15 after more experience.. from what they told me in the interview. + +I've always wanted to get into the real estate agency but have no experience or driver's licence so the job itself is an opportunity for me. + +The issue is the pay which obviously is not great at all. + +Should I go for a try for a week or so anyway? In which case I'll be passing on a 3 month temping role at £11/hour. +Hi. Throwaway here for reasons...but I am curious on this topic because it looks like I will be dealing with this in my near future. + +I have a bunch of questions for those of you now help manage your family office as a full time job, or even part time. + +&#x200B; + +1. Do you call your job your "Family Office"? Or do you have another name for it? +2. Do you find enjoyment and fulfillment from your new role as much as your past job (maybe a more normal 9-5?) +3. How many hours a week does managing the FO take? +4. Outside of the FO - what do you spend your time doing? +5. What do you tell people you do for a living? +6. How do you view money? +7. Would you recommend doing the FO as a full time job or not? +8. Do your friends or family view you differently or ask what you do? +9. Do you have any resources that can help kids of wealth deal with this transition? (books, programs, etc) +10. Anything you wish would be differently about your life/situation - how can things improve? + +A good amount of questions I know...but thank you in advance! +Check my post history, I called this before the first breakout and I’m calling it again. AMC is not only next, it has already started. I expressed the market volume fundamentals the first time, but now I’ll explain why we NEED AMC to be next: + +1. It is justified. I love the fucking movies and I reject bankruptcy motivated short sellers who will kill the employment of thousands of people. I reject them, I reject them, I reject them. + +2. GME NEEDS to be more than an anomaly. If it is our one and only fuck you to the system then it will be forgotten about. If and WHEN it happens to AMC, this becomes a public strategy. + +3. The principle behind GME is also an attack on inequality through a rejection of our current manipulative financial system. Short selling is not just 75% bullshit, during a pandemic it’s 150% blood-seeking. Does anyone really believe AMC would be seeking bankruptcy if not for the pandemic? Hedge fund fucks have been warned — we are COMING for you. + +4. ONE 🚀 is NOT enough. We have many 🦍 and they have mouths to feed. Institutional investors jump from one concept to another; why the fuck can’t we? Why the fuck shouldn’t we? Trick question: these are our rights as investors. + +5. Do people not love the movies? I bought into GME for the cause and because GameStop is a business I support. Frankly, I support AMC even more. I continued being an AMC A-Plus Member through the pandemic because I wanted to support the business. Incidentally, I also hold Apple, Disney, Microsoft, etc. Why is it only okay for me to support and rally for the stock market’s top holdings? + +6. Robinhood and other trading platforms restricted multiple stocks, AMC among them. My personal earnings have been manipulated as have yours. And if trading platforms and hedge funds are allowed to do this, it will forever disincentive public participation in the markets. I have a Bullseye on EVERY stock that was restricted — however, AMC had the most momentum and activity outside of GME, it is continuing to rally, and I will continue to breathe life into it. This level of market manipulation CANNOT be allowed. And, to be clear, this also means I effectively have an ETF at the moment of just stocks that I was told I couldn’t buy — because why? — fuck that level of bullshit, that’s why. + +7. I am tired of money printing and bailouts being used as the only strategy for saving our economy. PRIVATE CAPITAL should also be SOCIAL CAPITAL. The amount of wealth inequality is fucking insane right now. Never in the history of humanity has the concentration of total assets been held by so few hands. The public can’t have a single approach for generating wealth via a transfer back down the chain? Seriously, not even one? + +Look, I have so many more reasons. AMC is due to come back when the pandemic resolves, I love getting handjobs at the movies, I enjoy eating popcorn and watching movies with crowds in front of a big fucking screen and + +I LIKE THIS STOCK. WE LIKE THIS STOCK. 🚀🍿🔥 + +This is a French Revolution of the financial industry, and it is over fucking due. + +LONG AMC!!! DIAMOND HANDS 💎 🙌🖕 +I feel really dumb in asking this. + +Say if a company floats on the stock market for £1 a share, and they offer 1 billion shares on the market. + +Does that mean the company will get £1 billion when all the shares are sold? And can they use this money to invest in the business? + +What happens if they want more money to grow (e.g. buy a new factory)? Or does the company retain like 20% of the shares for themselves, so that incentivises them to get good results so that the stock price keeps rising, so when they want more money to invest in assets they can liquidate some of those stocks? + +Sorry if these questions sound vague +[https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + +GameStop Corp. GME said Thursday it has entered a partnership with Immutable X Pty Ltd., under which it will create a fund of up to $100 million in Immutable X's IMX tokens, which will be used for grants to creators of non-fungible token content and technology. + +&#x200B; + +&#x200B; +I expect to earn around $1M this year at work. I don't have another business or rental properties. Married, and we deduct whatever we can (usually not much at all beyond standard deduction). + +I wonder if I'm missing something basic. I also think my accountant may not feel comfortable telling me tax-minimization strategies (he sort of said that there is nothing I can do). Thought I'd see if folks here have worked out legal and low-risk strategies to minimize taxes? + +Edit: additional clarification. My income is W2 and K1. +Contrary to the frugaljerk that often occurs in r/financialindependence (such as the one guy being [ridiculously proud](https://www.reddit.com/r/financialindependence/comments/9pf8w0/pretty_sure_i_just_bought_the_ultimate_fire_car/) about buying a $3000 corolla with 135k miles on it), anyone here have made expensive purchases that you found totally worth it while still accumulating towards fatFIRE? + +Not necessarily talking about wreckless and stupid spending, like buying a $160,000 car on an income of $200,000. But more like buying a $160,000 car with perhaps an income of $600,000 - because you're so successful you can afford to live it up while still investing crazily for fatFIRE. +A lot of us who do not own a house dream of having their own house some day. But that dream is so hard to acheive these days without inheriting a lot from your parents. + +Imagine being able to earn more than the average wage of your country. Imagine you would save 20% of your salary every week. Imagine you could afford a house with those savings in 5 years in your country. + +Sounds ridiculous, isn't it? Well, it shouldn't have been! + +The property price is growing at a ridiculous rate. However, the salary and wage is growing at such a slow pace. For a GenZ like me the dream of owning a house is a long long way out. + +It feels the system is designed in a way where people can be controlled better by keeping us in debt. + +Our only way out seems high gains from assets like Cryptocurrency. Because no way can we afford our dream of a nice little house with our everyday wage. + +People say Crypto is risky. However, I believe Crypto gives a lot of us a shot to the future we deserve. Crypto, for many, is all we have. + +It does not matter what coins you are into. We all are here to make our lives better one way or the another. We might not have made it. But we are atleast trying in our own ways. And, for that, we all need to be proud of ourselves. +Divorced about 1 year, sole custody...drive to work is 52 miles each way. Car had 381000 miles on it. A/C broke and timing belt goes...so I purchased a new car...5 months later I have a new job that gives me a car...money is tight.. so I would like to go back in time and avoid high car payment... if I trade it in now I'm upside down $5000. Any suggestions to a smaller car payment? Looking for a view I have not considered +I’m looking to purchase my first multi-family which will also be my first home purchase. I will be living in one unit and renting out the second. Looking to move and start the process again in 3-4 years. I have done lots of research online but have not been able to find a mentor to guide me. How did you go about finding your mentor? Also what’s the verdict between buying as individual vs creating an LLC and doing it that way? If anyone has resources that would be super helpful and appreciated. + +EDIT: thanks to everyone for their helpful comments and insight. I’m excited to research more in this sub. +Would a lender ever be lenient on this factor? +I’ve got about 20k ready to put down towards a rental, a good credit score, and decent income. + +However I’ve got a spotty employment history and haven’t worked at the same place for 2 years. I keep hearing this as a requirement for lending, how true is that? +I recently tried transfering 50% of my shares to computershare from fidelity, the first agent told me 35 days to complete and that the reason is on COMPUTERSHARE side. Well I called bs on that and contacted computershare myself and they told me it is strictly on FIDELITY side. + +With that in mind I called back fidelity and informed them "hey I talked to computershare, they told me the issue is strictly on your side, what is holding up the transfer? My account is a cash account so my shares should not be being lent out so why is it taking so long?". The fidelity agent gave me some run around answer and told me it takes up to 2 weeks and i said ok ill call back in a few days. + +That DAY the shares were transfered to computershare visible in the account!! + +TLDR: Apply some pressure to Fidelity about your transfer process!!! However, be respectful as always apes! + +🚀🚀🚀🚀🚀🚀🚀💎👐💎👐💎👐💎👐🦍🦍🦍🦍🦍👨‍🚀👨‍🚀👨‍🚀👩‍🚀👩‍🚀👩‍🚀 +I was watching SCHD for a long time. Although it has decent performance and returns, its turnover ratio is 46%, which is bigger than DGRO(22%) and much bigger than VYM(8%). Not to mention the VOO(2% turnover). + +Usually, an ETF with a high turnover ratio is bad for long-term investment. But seems SCHD keep good returns for more than 10 years. Have I missed something? + +So, want to hear more discussions about this. + +&#x200B; + +\------ + +Sorry, let me explain why I care about the turnover ratio. + +It's from Jack Bogle [https://www.cnbc.com/2015/05/25/low-cost-is-just-the-first-step-in-picking-funds-bogle.html](https://www.cnbc.com/2015/05/25/low-cost-is-just-the-first-step-in-picking-funds-bogle.html) + +***Because you pay higher taxes on a fund with high turnover—the percentage of stocks in a portfolio that are replaced on an annual basis—investors should look not only at expense ratios but also turnover, Bogle said, adding, “That gives you an additional advantage.”*** + +*------ 2022.11.08 ------* + +Thanks for everyone's reply. I finally learned that SCHD is an ETF following [Dow Jones US Dividend 100 Index](https://www.spglobal.com/spdji/en/indices/strategy/dow-jones-us-dividend-100-index/#index-linked-product). Looks like this index is slightly better than SP500 this year :) +Ending the week +4R, but if I wasn’t an idiot, it would be +11R, and I’d have a successful FTMO challenge to show you.. + + +**Trade reviews** + +**Best trade:** [https://www.tradingview.com/x/qqCU4neF/](https://www.tradingview.com/x/qqCU4neF/) **6R** + +**What went well?** + +\-Lovely setup according to plan + +\-Drive pre-London +\-Potential low plotted follow by doji, suggesting indecision, so long was taken + +**What could've gone better?** + +\-As with all of my trades, using a 3ATR target sometimes leaves me short of profit, but it’s not a major issue, and I have no plans to adjust this aspect for a long time + +\-Spent quite a bit of time going back and forth over my entry + +**Worst trade**: [https://www.tradingview.com/x/HL1oITfq/](https://www.tradingview.com/x/HL1oITfq/) **-1R** + +**What went well?** + +\-It was a good trade! + +\-Would’ve been a winner + +**What could've gone better?** + +\-I lost discipline, and set my stop too tight, for it to get hit by 0.2 pips. Yes 0.2... + +&#x200B; + +[Week - MyFxBook](https://preview.redd.it/v0nublxit4z61.png?width=626&format=png&auto=webp&s=cd39f805b8c92f546dd2defc1f5a927d857b1930) + +**Discipline** + +So to provide a bit more detail on the loss, I use a SL of 0.5 ATR. The ATR was 12.6, so my stop should’ve been 6.3 pips. I stupidly thought, “I can get tighter than that,” and set it to 5 pips. Sure enough, the drawdown from entry was 5.2 pips (including spread, hence it looks like it won). So yea, I’m an idiot. It’s not about greed in my opinion, because it was a loss of discipline that caused this loss. + + +It was a valid trade, and If I traded my system, I would’ve won. I’m not going to sit here and say excuses such as the market was volatile, or OANDA’s renowned spread was the cause, or even if only I got in 2 seconds later. It’s my stupidity that caused it. Luckily, I think I’ve certainly learnt my lesson; I’ve been bitter about it since… So that’s my lesson as to why you must stick to your strategy. +**Poor conditions** + +I found Monday to Wednesday 1400CET/0800 EST to be awful for trading. DXY just sat in a range, so I had no opportunities. I’m somewhat proud to say that I’ve learnt from earlier days that it’s just best to sit out of those days, and that no trade is better than a trade that will just fold back on itself. It’s something that a few months ago, I’d have likely not been able to do. + +**FTMO update** + + +[FTMO Stats](https://preview.redd.it/6sda3nknt4z61.png?width=636&format=png&auto=webp&s=28e63ac40893fcca7a5a9198b6e96b80c0e7deb7) + +Please note the stats are inaccurate (some positively and some negatively) for a few reasons. For example, the flat trades, 678, are 0.01 lot instant open-close crypto trades to get the trading days up (Thanks u/AD3133 !), and that this is a small sample size, so don’t judge too much! I thought I’d still show you to keep the transparency up :) + + +I plan on creating a new MyFxBook, with a $100 account, and a username that doesn't dox me, or show what $ amount I'm trading. I use a trade copier so all my trades would be mirrored. + + +Thanks for the read! Please, any feedback would be appreciated and I'll try my best to answer any questions you may have :) +Hi guys. + +So, I am a certified forex n00b. +I've been fascinated with this stuff for a while now, researching it on the side, and have decided to stop being a pansy and try learning how to slang pips. + + +Here's my deal, I am an artist. I have a part time jerb. I live mostly off my part time job, and a couple times a year sell a big fat painting for $40K, and net $20K of that (you wanna talk about crappy percentages? Standard gallery/artist split is 50/50. Welcome to the art world friends) + + +Instead of blowing that 20K on tattoos, fancy cocktails and trips to Asia, I thought I should maybe leverage it to make me more money, and potentially get to a point where I could generate an income that is outside of the disgusting art market, because art is only cool (and ironically more profitable) when you're not doing it for money. + + +My questions for you guys are: + +!. Assuming I am an intelligent human capable of learning things relatively quickly, could I plausibly learn to generate a steady income trading forex with say, 40K in starting capital within a couple years? + +2. Would swing trading be the best trading style for me since I am a painter and biologically cannot function at gross morning hours (I'm on PST)? + +3a. Is this a really stupid idea and should I just do what every successful artist has done and marry a wealthy person? +3b. Have any of you actually gotten rich trading forex and want to be my wealthy husband? + +&#x200B; + +(Also, before you point out that I might run into risk management issues (because who is stupid enough to blow 20k on tattoos and gin and blah blah blah) I would like to state that I could have quit my job and gone all in on painting once I was profitable with it, but realized that was a really bad long term strategy, because like all markets the art market is extremely volatile and you can have one or two great years, dry up your market, and then fall on your face for 5 years after that. I am 100% certain I'm not going to do something stupid like leverage more that 1-2% of my account on a trade. I low key love slow growth. And fancy cocktails...) + +&#x200B; + +Thanks for reading. Feel free to convince me not to do this, as it would make my gallery owner really happy to keep me financially dependent and wrapped around his finger. +And my conclusion is I have no fucking clue how the market behaves, lol. + +Been trading forex for \~4 months, gone through the Baby Pips course, the No Nonsense Forex YT channel, and currently working my way through the Inner Circle Trading YT channel. Recently I began using TradingView's bar replay more heavily to watch price action and, although I'm starting to see some patterns, for the most part, I have no idea, lol. + +Tryna find and hone in on a strategy that works for me. Hopefully one day I'll find it... +I have heard people saying don’t blindly trust on indicators. Well it’s been 15 days I have been searching for different indicators on YouTube and using it. And guess what for first time got in consistent profit for 15 days in a row but is trading using only indicators bad?? +I've seen a lot of hating on landlords and RE investment on here lately under the claim of being unethical. + +Things like eviction without cause, not maintaining a property, being a slumlord, charging far too high of rent for the quality of the property, or denying access to housing based on race, gender, identity, or beliefs are all unethical. + +I can't understand how only the sole act of owning IP's can be unethical though? - where does the investment then come from to build property and communities if there are no developers and investors? - what is the solution here? + +I think the housing setup is made up of roughly 25% investors and 75% owner occs, but only investors are blamed for the absurd prices when it's really just a supply demand thing. + +happy to have a back and forth with someone of this opinion to hopefully learn a bit more about this. +Let's look back at some memorable moments and interesting insights from last year. + +**Your top 10 posts:** + +* "[Interviewing a ThetaGang dealer](https://www.reddit.com/r/thetagang/comments/uvz46c)" by [u/1337kong](https://www.reddit.com/user/1337kong) +* "[Actually happened to me today](https://www.reddit.com/r/thetagang/comments/xsci7b)" by [u/ThaGreeks](https://www.reddit.com/user/ThaGreeks) +* "[A short story](https://www.reddit.com/r/thetagang/comments/s6cnn0)" by [u/nbch88](https://www.reddit.com/user/nbch88) +* "[Friday BBBY Snorkeling Guy Update](https://www.reddit.com/r/thetagang/comments/wse4xp)" by [u/thisisnotatestlol](https://www.reddit.com/user/thisisnotatestlol) +* "[Anybody with me on this?](https://www.reddit.com/r/thetagang/comments/ulxnix)" by [u/No\_Low\_2541](https://www.reddit.com/user/No_Low_2541) +* "[$200k -> $1M+ in 3 Years. Thanks, Thetagang ❤](https://www.reddit.com/r/thetagang/comments/rx2e29)" by [u/SoMuchRanch](https://www.reddit.com/user/SoMuchRanch) +* "[I WANT IT TO GO LOWER](https://www.reddit.com/r/thetagang/comments/vs0r4e)" by [u/thenerdstation](https://www.reddit.com/user/thenerdstation) +* "[$META should be a lesson for everyone](https://www.reddit.com/r/thetagang/comments/yebzak)" by [u/No\_Cat3099](https://www.reddit.com/user/No_Cat3099) +* "[Markets up, markets down, theta to the rescue when done right!](https://www.reddit.com/r/thetagang/comments/xf0atx)" by [u/Forest-runner](https://www.reddit.com/user/Forest-runner) +* "[Someone had to do it, sold 1700 weekly BBBY puts](https://www.reddit.com/r/thetagang/comments/wlykbh)" by [u/thisisnotatestlol](https://www.reddit.com/user/thisisnotatestlol) +I posted this to my followers, I figured you guys would like this since this is your type of trade. + +Hey guys, I can't make these types of posts often, because these opportunities do not come around all that frequently. I'll include a lot of this in my post tonight but I wanted to give my followers a heads up today. + +SHLL added options today. The premiums are insane, especially for the puts. SHLL is a SPAC - or a Special Acquisition Company. These stocks typically have a floor of $10. + +"A typical SPAC will offer stock at $10 per share and give the management team two years to find a suitable target. If the SPAC doesn’t find a good merger candidate, then its terms call for it to liquidate. Unless the SPAC finds a candidate, the money raised in the IPO is held in trust, and so IPO investors typically get most or all of their $10 initial investment back." + +[https://www.fool.com/investing/2020/06/27/special-purpose-acquisition-companies-why-spacs-ar.aspx](https://www.fool.com/investing/2020/06/27/special-purpose-acquisition-companies-why-spacs-ar.aspx) + +The Hyliion and SHLL merger is supposed to go through sometime in Q3, September or October. The premium for the OCT 16 '20 25Ps is high. I sold 10 of them for 11.70. I am the only volume at this strike price. This makes my break even price for SHLL 13.30. Hypothetically, if the merger does not go through the floor for the stock should be right around $10. **You are essentially risking 3.30 for a maximum upside profit of 11.70.** Not a bad return. + +This is the first day that SHLL has had options. The option OI reflects it. I would expect the option chain to be extended tomorrow or in the next few days. People are likely to buy a lot of OTM calls and force the MMs to start delta hedging so there is a potential catalyst for this stock to move significantly higher in the nearer term. + +There is no such thing as a risk free trade, but there are good bets. I think this is a good bet. +I’ve got about 6,000 in debt on my M&T Bank credit card. It’s from paying for a wedding. And I do my best to put $200 a month on it. But every month they take out “Interest Charge- Purchases and Interest Charge Overdraft Transfers”, totaling between $80 and $90. + +I’ll never be able to get back on my feet like this. It’s like 1/2 my money is disappearing. Should I take out a loan to pay my CC? Should I get a different card? + +Also, I have no idea why I’m paying interest charge Overdraft Transfers. I’m not going under in my checking account. +Follow\-up to [https://www.reddit.com/r/financialindependence/comments/8q2cqw/goals\_are\_overrated\_systems\_are\_underappreciated/](https://www.reddit.com/r/financialindependence/comments/8q2cqw/goals_are_overrated_systems_are_underappreciated/): + +Those who have already achieved or are well on their way to achieving FI, what are your personal "systems"? What are the results? +I would just like to share my entire journey as I tracked my entire financial journey religiously for the past 5 years. In addition, I would also like to share my background to give everyone the how my upbringing shaped me as a person regarding regarding the focus on finances and such. + +[Nice Looking Graphs](https://imgur.com/a/OCPX7Zj) + +[More Nice Looking Graphs](https://imgur.com/gallery/SQqBIp2) + +**TL;DR**: Born in China and immigrated to Canada when I was 5, where I lived for 12 years and then immigrated to US w/ my family and went to school for petroleum engineering. Graduated right at the crash of the oil industry, so went back for PhD in mechanical, but left early to work for a manufacturing company in the Midwest US by graduating with MS. + +26 years old (turning 27 this October), single, in MCL in Midwest. I will list my income numbers, net worth by end of each year and job titles below. + +**Annual Income / Net Worth / Job Title** + +* 2014 - Mid-2016: $8,000 /\~$1,000 / Part-time Cashier +* Late 2016: $13,000 / $14,479 / Graduate Research Assistant +* 2017: $27,000 / $32,797 / Graduate Research Assistant +* Mid-2018: $19,000 / $34,106 / Graduate Research Assistant +* Late-2018: $46,000 / $56,048 / Systems Engineer +* 2019: $96,000 (due to OT) / $112,412 / Systems Engineer +* 2020: $87,000 / $185,656 / CPE Engineer +* Present: $90,000 / $221,459 / CPE Engineer +* Will start as $92,500 + profit sharing = \~$97,000 in June as a Senior CPE Engineer in mid-June + +**What I learned throughout my journey**: + +1. Don't trust what your college orientation department chair tries to present when they try to persuade you to join their major. When I was in the orientation, I chose petroleum engineering b/c they said 100% job placement and salary was high. That was in 2012, when crude oil was $120/barrel. When I graduated in 2016, there was no jobs in the O&G industry, since in 2015, there was over 100,000 layoffs in the O&G industry due to the price collapse. In hindsight, I should have done more research than to trust the college department chairs. +2. Learning finances is important and will definitely put you ahead of the game if you learn early. Early mistakes, such as playing with stocks increases tolerance to risk especially if you make sure to minimize your allocation. By forcing myself to learn finance, I got good at it and helped me make the right decisions after college. +3. Make sure you are always learning, especially if you are in a decreasing industry. I am going to start a MS in CS part-time starting this fall, since my industry is slowly dying in US and I saw what happened to other industries that didn't try to adapt (ig. O&G). +4. In general, during your college years, it will be better to move out of your home if you can afford it, so it forces you to make more friends. However, preferably you go to a state school, so that you would not be paying an insane amount of money. However, I don't recommend to go to a community college unless you are in a financial predicament. You don't make much friends in community college and getting a job requires a network. The network you can build in college is much larger if you have 4 years over 2 years. I do recommend to take as many AP classes as you can though. + +**My upbringing**: + +I was born in China to a fairly upper middle class family. My dad was a Chemical Engineer and my mom was an accountant. However, my family thought that competition in China was way too fierce, so they decided to immigrate to Canada. (US at that time was too difficult) Even now, most students in China study about 6 hours/day outside of school starting from grade 1. + +He finished a PhD in Chemistry in Canada. During this time, we moved about every 3-4 years, basically every time my dad got a new job. During this time, my family was definitely poor. My dad's annual salary during the beginning was about $22,000 CAD for a family of three. All the money saved in China was still nothing compared to COL in Canada, so it was struggle. Basically, I grew up wearing patched up socks, not asking for any gifts. + +I still remember that for my birthday presents, I would ask to to go to a restaurant so that I could let my family have an excuse to spend some time to enjoy good food. It was really just a struggle until I went to HS, where I noticed that we were not renting anymore and lived in a condominium in the penthouse. Eventually, my dad moved to the US, since the competition in Canada was too fierce due to the constant influx of high skilled immigrants. He got a 40% raise, so my family later moved there with him after he built a house with a contractor. + +I went to the average state university in the town, since the better college that I did get accepted into costs about $20k more in tuition + I had to pay another $10k for room and board. I decided to live at home and save money. I didn't really have much of a life during university, since I studied full time and did chores at home to live for free. Fortunately, my family helped with tuition and paid about $22k, so that I would graduate with no debt. In addition, my parents gifted me a free car (worth about \~$12k) when I started grad school. Before everyone says wow, the agreement I have to 10% of my after-tax income until I have a family and then 3-5% indefinitely. For reference, I have already paid back $21k. Eventually, when I finished grad school, I moved out. + +**Present**: + +I now WFH since of Covid-19. I prefer a hybrid approach, since my commute is only \~20 minutes and the office was newly renovated just 3 years ago. I don't really spend a lot of money each month, since I am fairly frugal. The only major expenses that I recently did start is Betterhelp for Therapy. Once I formally join my company, I expect to find another therapist that could be covered by insurance, so I don't pay $288/month for it. I invest about 50% of my after-tax income now. I am also preparing to start a part-time MS in CS this fall, so hopefully that will go well. + +**Current Monthly** **Budget Breakdown**: + +1. Rent: $680 (live with a roommate) +2. Medical: $318 (therapy + short-term medical insurance + dental) +3. Grocery: $285 (pretty much the same) +4. Tuition: $200 (had to take pre-req classes for MS in CS) +5. Transportation: $169 (usually $250 with no pandemic) +6. Personal: $100 (fluctuates) +7. Subscription: $60 (internet + Youtube premium) +8. Restaurant: $50 (due pandemic) +9. Set Aside for parents: $592 + +**Job Progression:** + +During college, I was not very good at applying to internships. Due to the oil crash post 2014, I could not get an internship. Therefore, I only worked a part-time job as a cashier in an home improvement store since it was the only job I could get at the time. When started grad school, I basically worked in an emissions research lab, which provided valuable experience. + +I managed to get a contract system engineer job right out of college. It had no benefits, vacations, but since I was only 23 at the time, I could still stay on my parents insurance. During this time, I worked 3 different positions in 3 years. I was a W2, so the company did pay the taxes. + +Eventually, my client in the large company suggested the idea of conversion and since I turned 26, I had to pay for insurance, which was fairly expensive for catastrophic short term plan. I used this to negotiate a raise, which I did receive in addition to benefits. The new company also offer tuition reimbursement, so that should also help me. + +**Next Steps**: + +I am hoping to finish the MS in CS in 5 years, since I don't think I can juggle more than one class/semester and workload. This is more of an insurance policy after getting burned in the O&G industry. Perhaps, it is also the time to spend more time finding a SO, but that is outside the scope of this post. + +**Edit 1**: + +Thank you everyone who gave me awards. + +**Edit 2**: + +I think I managed to finish replying to all the comments. I will probably check up on this tomorrow if there is more questions. + +**Edit 3**:I added more graphs, since everyone commented on my graphs. Everything is done in Excel :) + +**Edit 4**: [https://drive.google.com/file/d/1lLTCQ5OenXQI6fertwuPiisyd8rYnYcb/view?usp=sharing](https://drive.google.com/file/d/1lLTCQ5OenXQI6fertwuPiisyd8rYnYcb/view?usp=sharing) Link for Excel document (generic). You will have to download as excel workbook for pivot tables to work. +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/ullae1s83nm91.png?width=722&format=png&auto=webp&s=8771b20b28e33a0c4c178bd07fe36a328d628bb2 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[Do your DUE DILIGENCE and please make the right choice for your own situation, whatever that may be!](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[How to Guide - Self-directed IRA (SDIRA)](https://www.reddit.com/r/Superstonk/comments/w4rpor/how_to_guide_true_selfdirected_irasdira_custodian/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[covered vs. non-covered shares](https://www.reddit.com/r/Superstonk/comments/xe9mjx/with_all_the_drsing_happening_in_the_sub_lets/) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?(extremely common question)** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +[A visual Guide to purchasing from Computershare](https://www.reddit.com/r/Superstonk/comments/prvovo/new_computershare_account_via_new_purchase_visual/) + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +[Detailed post explaining how to sell online](https://www.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +^(\*not financial advice) +My top tech stocks watchlist that pays dividends: + +|Ticker|AAPL|MSFT|AVGO|CSCO|INTC|NVDA|TXN| +|:-|:-|:-|:-|:-|:-|:-|:-| +|Yield|0.57%|0.74%|2.89%|2.49%|2.6%|0.07%|2.15%| +|PE|30.20|37.78|19.92|18.79|11.89|76.98|25.73| +|Payout|17.22%|28.11%|57.65%|46.54%|30.89%|5.39%|55.28%| +|Div Growth YR|9|17|10|10|7|0|15| +|CAGR 5yr|9.3%|9.52%|50%|9.21%|6.12%|7.66%|21.83%| +|YOY Rev|13.26%|14.68%|8.46%|\-0.01%|0.57%|36.16%|9.04%| +|My Buy Alert|Hold|Hold|BUY|Hold|BUY|Hold|Hold| + +My buying criteria is PE less than **20**, Payout less than **80%**, Dividend growth year at least **1 year,** CAGR for **5** years higher than **3%**, YOY revenue growth higher than **0%**. + +Source: my own spreadsheet and seekingalpha.com +My top tech stocks watchlist that pays dividends: + +|Ticker|AAPL|MSFT|AVGO|CSCO|INTC|NVDA|TXN| +|:-|:-|:-|:-|:-|:-|:-|:-| +|Yield|0.57%|0.74%|2.89%|2.49%|2.6%|0.07%|2.15%| +|PE|30.20|37.78|19.92|18.79|11.89|76.98|25.73| +|Payout|17.22%|28.11%|57.65%|46.54%|30.89%|5.39%|55.28%| +|Div Growth YR|9|17|10|10|7|0|15| +|CAGR 5yr|9.3%|9.52%|50%|9.21%|6.12%|7.66%|21.83%| +|YOY Rev|13.26%|14.68%|8.46%|\-0.01%|0.57%|36.16%|9.04%| +|My Buy Alert|Hold|Hold|BUY|Hold|BUY|Hold|Hold| + +My buying criteria is PE less than **20**, Payout less than **80%**, Dividend growth year at least **1 year,** CAGR for **5** years higher than **3%**, YOY revenue growth higher than **0%**. + +Source: my own spreadsheet and seekingalpha.com +Not only is a few % drop normal but when you add the backdrop of the last decade of expansion, it's downright expected. Even a 20% drop now still has us on a great streak over the last few years. + *Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +So.. I mentioned possibly doing a 'post mortem' on my GME trade, and apparently that was in high demand. That being said, I'll call it an 'evolution' instead, as we still don't yet know what will happen next. + +Rather than going through a full narrative, I made a [crazy annotated chart](https://u.teknik.io/xg2HJ.PNG) to chronicle some of the key points in my trade decisions. + +Strangely enough, I think it might better convey how the week went from my perspective a little better than a full narrative. If you catch any inconsistencies between the chart, or my writing below, please point it out. It's very easy to ex post facto ascribe to yourself the benefit of 20/20 foresight and overlook mistakes you made at the time. + +I'll walk through my thought process for newer traders. Keep in mind I'm trading my hobby account, not a self-directed IRA, so the stakes are a lot lower and tolerance for risk is much higher: + +1. I would probably trace the initial origins of this trade for me back to November. I wasn't a genius like DFV finding GME at that point, but once the Pfizer and Moderna vaccine efficacy data came out, I decided to go rummaging through XRT (retail) and other unloved sectors for value that should rebound on the sector rotation to the 'reopening trade' given the nosebleed multiples in QQQ (the NASDAQ/big tech companies that dominated the market in 2020). Figured I'd mostly ride the SMH (semiconductor index) and a few other favorites while digging around. Looking at unloved sectors is the value/long term investor version of 'buy the dip' (typically the dip might last years, but I figured in this case the evolution would be much faster because it would be driven by progress against COVID). +2. ID'd GME for the short list because of an unusually regular pattern on the daily chart RSI. In hindsight I would probably attribute that to one of the hedge funds trying to stealthily unwind its short position veeeeery slowly, but GME being a dead corner of the market, it shows up in the data like a lighthouse beacon, in a channel upward just bouncing off RSI 70. Someone is gradually accumulating a big long position or covering a big short position. TJX's looks better, but valuation too high already (over-loved). +3. Deep dive DD, including DD from WSB just makes me think this is exactly what I've been looking for. Better buy in before it escapes completely. +4. Ok..it made some massive moves already, but with the bonus of the short interest anomaly this is too good.. and it comes with awesome memes--can't say no to the package deal. $38 (my first buy) is pretty good, but I'll write April $40 cash-secured puts to net me a better entry (or additional profit if they go unexercised). This is a common technique investors can use to get either a better entry than they otherwise could get, or some participation in the upside if the price runs away--I find it easier to do this than setting an aggressively low GTC limit buy and keeping my fingers crossed. +5. Digging deeper into the short squeeze thesis tells me it's practically mathematically guaranteed to go off any moment. I take off some cash-secured puts, liquidate a lot of the rest of my portfolio, etc. because if things get as crazy as I think they might, it's better to have almost nothing else in your portfolio to complicate matters. This is especially true as margin requirements start rising. +6. Volatility starts going crazy. You almost can't see it on the daily chart with the scaling of the 500+ peak, but if you focus on the 1/21 to 1/26 timeframe there were a few brutal Eiffel tower moves (parabolic up then down). All kinds of misinformation about what is going on starts flying. People start FOMOing into those moves only to despair out on the other side for a loss. Few if any seem to be willing to talk about the situation in a way that newer traders can understand. I start posting a bit here and there, just getting a feel for reddit. +7. On 1/25 I see a few heated discussions regarding whether the gap up over the weekend, then crash down that day in fact WAS the squeeze, and I try to jump in and correct the record a bit.. people are panicking out on the downside of that move because they're being told the squeeze is over. That motivates me to write my first article in the series. Don't finish it that evening, decide to finish it in the morning. It drops on this sub essentially as what we now know was the squeeze is achieving liftoff. +8. Looking at my posts from 1/25 to 1/29, I'm probably too tuned in to the hype, but tuning in to sentiment is important in sentiment-driven momentum trading. I do try to consistently try to warn new traders from FOMOing in, but that doesn't stop me from trying to help them understand what is going on. +9. One thing I've learned the hard way--don't carry a sentiment-driven momentum trading position through a weekend. That usually does not end well. +10. The weekend gives me time to step back and resume a more analytical approach and you may notice my writing style reflects that at that point. Looking back, I notice a lot of sloppiness and some outright errors in my realtime read of the situation. I try to point some of those out if I feel they might be material to others' trading decisions. +11. At this point I'm thinking the squeeze has been mostly squoze (but for a few 'technically it's still possible' type scenarios). I figure since so many of the regular readers/commentators on my posts are going to ride it, I'll keep a position on to ride it with them too. We'll see where we go from here! + +I actually did really well on the trade overall. Could have done much better had I just stuck to my trades rather than reading and writing on Reddit, but the numerous comments I've seen where I or other commentators in this sub were able to provide good, level-headed feedback and advice helped people make better decisions make it worthwhile to me. I guess it just bothered me too much to see the vacuum of real information and willingness of people to push their trade on others. I didn't see that kind of behavior in WSB even just the week prior when I first joined. + +Also, while it turned out very well, I have to be completely intellectually honest and admit that I could have lost it all too. This was a crazy volatile trade with more twists and turns and unexpected developments than I could have imagined, and that's even given that I actually believe it when I say that I don't know what will happen next. This is something anyone knowingly walking into this type of situation should realize and plan for. + +Each person has a different tolerance for risk, though I will say that while I was and am willing to take significant risks with my hobby trading account, I try to never take entirely irrational risks. I also actively put at risk a relatively small percent of even my hobby trading capital (\~20%). It may not seem like it, as you've seen my writing on a high volatility play, but my overall capital disposition is very conservative and low-risk/low-volatility in aggregate. It's because I know that most of it is safe that I can feel comfortable and controlled making very high risk plays. + +I've seen people put it all on the line and totally clutch trade big momentum--I wish I could, but I know that's not me. + +There are a few sayings that traders have as almost jokes, but with an undercurrent of dark humor in many cases: + +1. **Rule #1: never lose money.** From Warren Buffett, value investing legend. I'm a little more flexible with this for myself, and amend it to "always have a plan that guarantees you can never lose more money than you intended to put at risk." If you are in the red on this trade, realized or unrealized, don't feel bad--I'm very confident that most people are in the same boat. Try to think of it as tuition for one of the most intense, and hopefully intellectually productive seminars ever, held only once every decade or so. +2. **No one ever went bankrupt taking profit, or pigs get fat, hogs get slaughtered.** (counterpoint: tons of people have gone essentially bankrupt riding profits right back into the ground--particularly in climactic late bubble market action, like the dotcom bubble). To those of you feeling bad that you could have made more, be glad that you were in the green. It's something to celebrate. You traded a black swan event and came out ahead. +3. **Buy low, sell high.** MUCH harder to do consistently than it seems. Particularly if you initiate a [trade from FOMO](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/gkyxdqv/?context=3). For those of you who did this, try to remember what that was like, and think of ways you can manage those emotions in the future, or ensure you never put yourself in a similar position if you'd rather not have to. Either approach will be healthier for both you and your wallet in the long run. + +Alright, this post is long enough as is. We'll see where the rocket takes us tomorrow. + +Good luck in the market! +We have three kids, all younger than 8. How do we explain to them that I no longer work, but they don't need to worry about our finances? + +We don't want them to become entitled and think we can buy them anything they want, or that they are "better" than other kids because we are "rich", or even to tell their friends about our situation. + +Also, we want to ensure they don't feel bad if as adults they don't have as much financial success as we have, since we know how lucky and privileged we have been. + +I don't mind telling them white lies, but even small kids can tell that nobody at home is currently working. + +Thanks! + +**Edit**: Thank you for all the insightful replies. This is how I'll frame it from now on: + +> Thanks to many years of working hard and living below our means, we don't need to work as much anymore, so we can spend more time with you from now on. +http://www.businessinsider.com/over-the-past-6-years-ive-fine-tuned-a-spreadsheet-that-has-completely-changed-my-finances-2016-7 + +I don't know if I could get my finances in here down to the nitty-gritty like this guy, I use a spreadsheet someone else posted here a while ago. But I found it to be be kind of inspirational. + +EDIT: Apparently I can't spell... +EDIT 2: Here's the much simpler spreadsheet template that I use: http://www.vertex42.com/ExcelTemplates/money-management-template.html +This isn’t a shit post, bear with me and use the link at the bottom for proof of my reasoning. + +I’m going to keep this short because the link I’m providing will help shed light on the topic, but essentially there is this belief that Cardano is going to kill Ethereum and dramatically change the Crypto space, but most of this belief is based on people making faulty assumptions without backing it with research, a lot of overblown hype from retail investors on social media, and the love of Charles more than an actual analysis and understanding of Cardano. For example, they just now are discovering fee markets, which was covered in Ethereum's 1st 2013 whitepaper, and implemented for its first release in 2015. + +Use the link below that takes you to the page describing the many issues with Cardano and its tech. + + + +[cardano-node](https://github.com/input-output-hk/cardano-node/issues/3247) + + +Edit: This isn’t about whether or not investing in Cardano is good/bad or if it’s profitable or not. It’s about the tech behind the project being overhyped, but also not as good as people think + +Edit: Actually read the link attached +For some reason, our mortgage botched it up and did not pay our home insurance premium and property taxes. I only found out when we received a delinquent tax notice. + +Long story short, I was not happy and requested they cover the tax penalty as well as reduce our next month's mortgage bill by $100 (the same amount they would have charged us if we paid our mortgage late). + +Surprisingly, they agreed to both :) + +--- + +**Edited to add:** This is in US. The company is sending me a check for $100. The mortgage payments stay the same. I am free to use the $100 to pay down extra principal or use it elsewhere. + +**Tip:** +I've learned that the more formal and legal you sound in an email, the more intimidating it becomes. Even though I didn't threaten legal action, I threw in words that sound legal (ex. As per our contract signed MM/DD/YY, paragraph 3 stipulates etc. etc.) + +I was also very thorough in my request. I attached as many relevant documents as possible and researched everything. + +**Some consumer law resources Redditors have shared** to make your case stronger + +https://www.consumerfinance.gov/rules-policy/regulations/1024/30/ + +https://www.nclc.org/pfiles/michigan/Mortgage-Servicing-Claims-Chart.pdf + +https://www.govinfo.gov/app/details/USCODE-2011-title12/USCODE-2011-title12-chap27-sec2605 + +--- + +Thanks for the awards but this is r/personalfinance man... Put it in your VTSAX. +Curious as to if a fair number of fatFI’s own multiple homes, or maybe just stick with one and then vacation in hotels. + +I’m talking homes mostly for you; not primarily rentals. What say you? How many; areas of the world; why? +I've now been approached by 3 different people with the same type of story: "I met a couple that retired in their 30s and they took me under their wing." + +The conversation always unfolds in a similar way and some of the questions they ask are also the same: + +* the conversation starts with something related to you (say what you are drinking or reading) + +* then they ask what you do for a living + +* and when you ask them what they do, that's when they introduce this FIRE couple they met and how they are mentoring them to do the same + +* eventually they ask if you want to stay in your current job for much longer and if you show some interest in changing, they offer to put you in contact with their FIRE couple + +I'm pretty sure this is a scam of some sort, due to the fact I've been approached and heard the exact same story from multiple people and they have asked me the exact same sequence of questions (they must be following a script). + +I'm tempted to take the bait just so I can find out what this scam is, but then I realized someone here must already know about this. + +Evergrande total debt is $300bn - thats what they issued - + +Remember - Evergrande went to Chinese banks, issued bonds, then used proceeds to build a city, do this for 5 years - The cities were empty "Ghost Cities" and now someone has to pay - (FYI Evergrande had some big tourist spots that died During the shut downs and this Ironically screwed them) + +Over the last 5 years these bonds were sucked up by institutions around the world - (I don't have the time right now, but UBS, GS, you name it, a lot of these guys are in there) + +Today the bonds trade around 30 cents on the dollar - F#k me... So the $300bn is really worth less than $100bn - thats right - If Evergrande bonds are trading at 30 cents on the dollar then $200bn has been wiped off the bond mkt value - + +You guys thought Archegos was big? Archegos was $5-20bn and Evergrand bond's are down $200 bn currently - this is bigger than big, put ur neck brace on - + +EDIT + +[https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143](https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143) + +Any Ape with blomberg access go to the bond and get holdings "HLDS" - lets dig deeper and see who owns these sucker lmayo + +moon soon - +I'm a high school physics and math teacher. 3 years ago, I left my public school position and applied at a charter school. Position was to teach AP Calculus AB, AP Physics 1, AP Physics 2, and Honors Physics, while assisting with Physical Science. Asked for them to match my pay from the previous school ($35k), and they agreed. + +Two weeks later, they're in a pickle. There's a class called Physical Science that is famously hard to find teachers for. It's a bare bones physics/chemistry class to help struggling kids meet science graduation requirements. It's a tough position to fill because you need someone who knows physics, knows chemistry, and can handle having lots of learning disabled kids. The person they originally hired couldn't handle it and quit. + +They begged me to take full responsibility for the class, and I agreed for a $6000 pay increase. This worked out great for 2 years. + +My classes are very fun, and as a result Physics and Calculus enrollment has doubled since I started. Which means bigger classes, and more sections. So they asked me to teach 7 periods per day instead of 6. Told them I would do it for $10,000 and they declined. They couldn't find anyone qualified for PS, so the kids will take the class online. + +Fine with me, except that now they told me one week before school starts that they will be docking my pay by $6000 now that I'm no longer teaching the PS class. And while I can see where they're coming from, I have a few objections: + +a) They should have told me about this in May or June, not the week before school. + +b) If enrollment had remained flat, I'd still have the pay increase. So I'm taking a pay cut for having popular/large classes and teaching more kids than when I started? + +c) It is extremely unlikely that they can replace me. They would probably have to hire 2 people to fill the Calculus and Physics positions. + +d) Since leaving my old school district, their pay has since increased by $5,000. So I could easily walk away with only a $1000 pay cut. + +The catch here is that I really like the school. I work hard, but it's fun and lower stress. TL;DR, here are my options: + +a) Stay at fun school for $37k + +b) Go back to a so-so school for $42k + +c) Try to negotiate for something between $37k and $42k. + +Also, our current savings rate is about 50%. So this is kind of a huge decision for me. + +What would you do? + +edit/update: I sent a short reply saying that my impression 3 months ago was very different, and asking that they match the current $42k that the local district offers. +If they say no, I'm leaving. Fully licensed in math and science, I could find another job in probably 10 days. Even in August. + +Update 2: Holy shitballs, I just saved myself $5000 with one email. They accepted the $42,000 offer! You guys gave me the courage to save $5000 today (and possibly more in years to come.) + +Thank you thank you thank you. + + Hey guys - been doing a lot of reading recently and figured I should share some of the cooler stuff with the community. I whipped this up quickly but can do a more in-depth dive for this and other papers if there turns out to be interest. The paper is called [A Half Century of Macro Momentum](https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/A-Half-Century-of-Macro-Momentum.pdf) by Jordan Brooks of AQR Capital. They’re a quant fund that runs a number of successful strategies. Nothing I say here is investment advice by the way, and I do recommend checking out the paper if interested. + +**- - - Executive Summary (given in paper)** + +*I outline a systematic and diversified approach to global macro investing grounded in economic theory, and detail its performance over the last half century. The analysis shows that the strategy has the potential to deliver strong positive returns, low correlation to traditional asset classes across various macroeconomic environments, and to provide diversification in bear equity markets and rising real yield environments. This systematic global macro strategy appears to be a complement to other alternative risk premia — such as trend-following and long-short value, momentum, and carry strategies — and does not appear to be fully exploited by existing global macro managers.* + +**- - - My Summary (in layman’s terms)** + +Global macro is a type of investing that involves looking at macroeconomic factors, well, globally. These factors include stuff like unemployment, business cycles, interest rates, international trade, and monetary policy (actions of the Fed and central banks around the world). Global macro investors make predictions based on studying these factors to figure out their outlook for the economy, and invest accordingly. This means their investment universe is much larger than just stocks. They look at long-term government bonds, currencies, and interest rate-affected assets (like short term bonds). + +Momentum trading is a strategy that typically involves looking at trends in stock prices and assuming that those trends will keep on going for a short period. For example, if there is upward momentum on a stock, momentum traders want to get in now while it’s still going up. Clearly, this is usually a short-term trading strategy. + +In a nutshell, macro momentum is a macro investing strategy that pulls from momentum strategies. Instead of looking at price trends, it looks at macroeconomic trends. It goes long (buys) assets that have positive macroeconomic indicators (explained below) and short (sells) if vice versa. The four asset types this strategy looks at are stocks, currencies, long-term government bonds, and short-term bonds (the paper calls this “global interest rates”). The four macroeconomic indicators this strategy looks at are business cycles (generally, how is the economy doing), monetary policy (what is the Fed doing, is it conservative or aggressive), international trade, and risk sentiment (are stocks going up or down). + +[Exhibit 1: Summary of Macro Momentum Indicators](https://i.imgur.com/x1nJJcF.png) + +Let’s talk through how I think about this, starting with the column “Increasing Growth.” If the economy is doing well, people have money, so they invest their money into stocks, making the outlook good for stocks. Stocks usually give more of a return than bonds, so their demand goes down, as does their price, making the outlook worse for longer term and shorter term bonds — I’m aware this isn’t the full picture but it’s how I think about it, bond folks please chip in if you’d like to add anything here. Growth is good for currencies as it is accompanied by more business and foreign investment, meaning more demand for the currency - the paper talks about the Balassa-Samuelson hypothesis here, which pretty much says countries with high productivity and therefore prices for tradable goods have higher prices for services too (developed countries vs. developing countries). + +Moving to int’l trade, this is captured by looking at whether the currency is depreciating (getting weaker, purchasing power decreasing) on a 1-year basis. Depreciating currency is good for stocks (because our currency is weaker compared to int’l currencies, our goods are relatively cheaper and there’s more demand for them and the companies that sell them), bad for currencies (similar idea to momentum, if currencies have been depreciating, we expect them to continue), and bad for bonds and interest rates. For this last bit, here’s how I think about it — if my currency is depreciating and getting weaker than other currencies, global investors don’t want to be holding it (effectively, its “price” is decreasing). Something that makes a currency attractive is a high interest rate, so parking your money in that currency earns you interest, so a weakening currency’s central bank has less incentive to decrease rates. The price of bonds and other interest rate products increases as rates decrease, meaning this environment/scenario is overall negative for bonds. + +Monetary policy, captured by looking at 1-year changes in the yield curve - this is where the x axis is the term of the bond and the y axis is the interest rate paid, it’s usually upward sloping in a good economy and downward in a bad one. If the Fed gets tighter (money printer out of ink), this is bad for stocks and bonds because there’s not as much money to go into these; and it’s good for currencies because it decreases the money supply and increases interest rates (more int’l investment into our currency). + +Finally, the risk sentiment is captured by looking at 1-year stock market returns. Increasing risk sentiment is when the stock market has strong returns. This is good for stocks (momentum) and currencies (int’l investment into our stocks), and bad for bonds (who wants to invest in bonds when stocks are doing so well). + +**- - - Creating a Macro Momentum Portfolio** + +With this in mind, we now want to create our macro momentum portfolio. This will consist of a long-short portfolio (LS) and a directional portfolio (D) for each combo of indicators and assets. So there’s four indicators times four asset types times two types of portfolios meaning we’ll have 32 “sub” portfolios total that we’ll then combine into the final macro momentum portfolio. + +LS — these are market neutral. This portfolio takes a long position in assets with favorable trends (above the average) and short for the assets with unfavorable trends (below the average). Because we’re doing all this with the average in mind, there’s a theoretical neutral exposure to the market, meaning this should perform despite market movements. + +D — these take long positions in assets with favorable trends and shorts in assets with unfavorable trends, meaning there’s no computation of an average, and the portfolio can be long or short-exposed. + +So we have a LS portfolio for stocks using the economic growth (business cycle) indicator, a D portfolio for the same, an LS for stocks using int’l trade as an indicator, a D portfolio for the same, etc. Once we have the 32 total, he aggregate macro momentum portfolio is created by taking an equal weight across all 32 asset-indicator portfolios. + +It’s easy to get lost in the specifics here, so I’ll repeat what we’re doing from a bird’s eye view again. We’re looking at 4 macroeconomic indicators from generally the past year, applying those indicators to 4 asset classes to make a table like the above, and then pretty much using those indicators to predict how the asset classes will perform over the next year. Rebalanced annually. + +**- - - Performance** + +This portfolio was tested from Jan 1970 to Dec 2016. That means it’s seen the bear markets of 1987, 2000, and 2008, but not 2020. It’s also seen recessions, wars, stagflation, and disinflation. Here are the results in a table: + +[Exhibit 3: Macro Momentum Strategy Performance since 1970](https://i.imgur.com/bbeBBzU.png) + +Let’s unpack this. Looks like a consistently market-beating strategy that is un-correlated with the stock and bond markets. One question you might have is, “if this is so good, why doesn’t AQR just invest fully in it?“ The best answer here is probably liquidity — as a fund with \~$150B in assets, it’s impossible to employ your capital all in one strategy without affecting prices enough that you’d no longer be beating markets. Also, AQR’s only been around since 1998, and although I’m sure they had this research in some way or another before the paper was published, it did just come out in 2017. + +The table shows a CAGR for the strat (without accounting for inflation) of 13%, compared to [8.41% for the S&P](http://www.moneychimp.com/features/market_cagr.htm). It beats its composite assets' returns in rising yield and falling yield markets, in bull runs and bear markets (on average), and has a higher Sharpe Ratio than the S&P for the period (1.2 vs. around 1.0). It’s non-correlated with bonds and has something of a negative correlation with stocks. Does the latter number mean it goes down when stocks go up, meaning it’s gone down for the majority of the period. No. The paper calls the returns of the strategy a “smile” compared to stock returns. Here’s a graph. + +[Exhibit 2: Quarterly Returns, 1970-2016](https://i.imgur.com/ZQO1o8p.png) + +When stocks are up, this portfolio is up a bit too (that's called a slightly positive beta). When stocks are down, this portfolio is up a whole lot (a very negative beta). On average, the portfolio has a slightly negative beta compared to stocks, as mentioned earlier. + +&#x200B; + +Thanks for reading. As I said earlier, I wanted to do a quick and dirty write-up since idk if this is something people want to read. If there’s interest, I’ll do more (will probably revisit this first, make the summary about 2x longer). Either way, seems pretty cool. I'm making an automated algorithm to track this strategy right now. Can’t go tits up. +Hi, I have a rec room on the ground floor in my home that I rent to a lady with a small dog. It is a huge room with a full bathroom and small bar kitchen. She’s been living here 2 years and I recently found out that she was planning to use a flea bomb to get rid of a flea infestation that she had not told me about. I told her I wasn’t comfortable with her using that while my pets were in the house and she argued with me but then finally agreed not to set it off. I asked her what flea preventative her dog was on and she said something about getting it from the vet but not knowing what it was called. When I asked her again she said that her dog had been on it since she moved in but she didn’t know what it was. She got an estimate to exterminate the fleas by a professional company and is demanding I pay half. I don’t have fleas in my part of the house ( she only has access to her room) and I do use vet prescribed pest prevention on my pets. When I asked her again what flea prevention her dog was on she replied she doesn’t owe me any answers. She is on a month to month, in Atlanta, and paying less than market value for rent. With an eviction and repossession on her credit. I feel totally disrespected and think she’s lying to me about her dog ever being on prevention. Should I try to work with her further, or just give her the 30 days necessary notice to vacate? + +TIA +Hey everyone! I know a lot of apes here are eager to buy their lambos and jets and whatnot, but can we all also agree to support small businesses after we moon? I have a small business myself and the competition we get from Amazon, and all China made stuff(sorry, no offense) is insaneeee and we see our profits crush just so we can stay competitive with the retail giants! +I urge you all to shop small and shop handmade for Christmas and birthdays of special people in your lives! Honestly, it means SOOO much to small businesses like mine when we get a new sale! +This is such an awesome community and you all are absolutely wonderful. So happy to be holding with you all! +Hi. I think about investing more into tech stocks right now and I was wondering if Intel a good stock to buy. I heard opinions from other people about Intel, but are your opinions. For my dividends tech stocks, I have Apple and Microsoft. +Hi everyone, I'm in need of some pointers here. + +I'm fairly new to investing at the age of 35. I'm from Singapore. + +My portfolio currently consists of 27 stocks, 16 of which are recommendations from Motley Fool's recommendations and they are quite spread across a few different sectors. The rest some small holdings in REITS(Singapore) and Singapore STI Index. + +I'm currently contemplating between these:- + +* Get additional MF recommendations to try and achieve the 25-30 stocks. +* Add more holdings to rebalance my portfolio as I severely lack of ETFS +* Dividend income stocks. + +I'm more inclined to get more dividend income stocks(my current dividend income is averaged out to just $7/month), and these come from individual companies like apple, kinder morgan and those Singapore REITS. + +As I'm reading more and more about dividend income, I'm more drawn to this idea to beef it up in my portfolio. + +Then it comes to the question of:- + +Which ones should I buy? ETFS? QYLF, NUSI, JEPI, SCHD or SCHY pops up. + +I'm sure you folks have been in my position. What did you do and looking 4-5 years back, what would you have done? +I will soon retire with very limited pension. I need large cash inflows from my retirement fund. I want to buy equal amount of JEPI and JEPQ. What's your views? +Please don't flame me. I was just thinking about this and on its face, I know that it seems like a really stupid question. We assume that the wealthy create jobs. That this is what they do in a capitalist society. We always hear the mantra that the rich will invest their money in companies and those companies will hire more to do what ever with. But do they really? I know the whole investing action, and so on but does this really work? Does investment truly encourage companies to hire or do other factors influence a company to hire more then simple capital? +Please don't flame me. I was just thinking about this and on its face, I know that it seems like a really stupid question. We assume that the wealthy create jobs. That this is what they do in a capitalist society. We always hear the mantra that the rich will invest their money in companies and those companies will hire more to do what ever with. But do they really? I know the whole investing action, and so on but does this really work? Does investment truly encourage companies to hire or do other factors influence a company to hire more then simple capital? +I almost didn't post this as I'm 99% sure its nothing because it was so easy to find, but I see nothing about it on the subreddit when I search. + +Basically I decided I wanted to waste some time and try to see if there was anything hidden in the secrets.txt that has been datamined twice. [Here is the current datamined version] (https://imgur.com/a/toirCbl) + +Well I noticed that a lot of it is symmetrically setup, but some is not, including the first line. So I decided to focus on the non-symmetrical bits, and it didn't take long for me to get an unexpected hit. I took the first line, ignored HI.PG as that seems like something I can't do anything with, and focused on BGPY7^. My first step was just to google **BGPY7^** as maybe it would give me information on what type of code it could be. + +And the only results that showed up in google were two SEC filings that were archived. I kind of put that in the back of my head as I thought it was a coincidence. And it still probably is. + +But after doing the same thing for a couple other lines, it seems one other SEC archived post were hit too in my research (and I have only barely started), but mostly nothing. + +So I decided hey, why not just try to read the filing, maybe something fishy is about it. What I found was: + +It's in regards to a Chinese Media Holding company Glory Star New Media Group Holdings. With my very smooth brained research what I know about this company is (most or all of this probably has nothing to do with anything, but a couple things have got me questioning how big of coincidence it is): + +* It was until recently a publicly traded company. +* It is based in the Cayman Islands (I don't know if that is normal, but I know its a tax Haven) +* Some discussion has been had that it is/was grossly undervalued and I think maybe some issues with their accounting?? +* They launched an **NFT application called CheerReal** on September 9, 2022. +* One description of the company is "Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, **e-commerce, social networking, and gaming.** The Company continues to **integrate its cutting edge blockchain technologies**, ..." +* The company went Private by a blank check acquisition as of September 2022. + +I also think its worth it to note this was part of the secrets.txt that was datamined well before the acquisition or release of their NFT app. + +TLDRS: Stumbled upon an archived sec document by googling a line from secrets.txt . The results were regarding an SEC filing by Glory Star a company that seems to share a lot of their aspirations with GME. +Ok, quick little analysis here Apes, to go into a bit of detail on what we ALL already know. + +MSM spins shit. + +Today we will be picking on [Barrons.com](https://barrons.com/) with their Article titled: + +Fed Says Meme Stocks Pose Risks to Financial Stability + +Source: + +[https://www.barrons.com/articles/fed-meme-stocks-financial-stability-51636420320](https://www.barrons.com/articles/fed-meme-stocks-financial-stability-51636420320) + +\-------------------------------------------------------------------------------------------------------------------------------- + +Before we jump in... take a second to Follow me on Twitter here: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +And check out some Youtube Videos I made here: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +Why am I begging for followers and views? + +Because it means more people will see my content! Duh... + +\--------------------------------------------------------------------------------------------------------------------------------- + +Ok, Paragraph 1. As a Journalist, this is their opportunity to try suck you into the article, so they are going to try and get the juicy stuff in before providing some background. Here's what Barron's had to say to try and draw in its readers: + +>The Federal Reserve said stock market volatility linked to a surge in new investors who share tips on social media and invest in meme stocks could be a risk to the financial system, according to the central bank’s latest [twice-yearly](https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf) financial stability report. + +The points to reference from this paragraph: + +* Market Volatility LINKED to a surge in new investors could be a risk to the financial system +* And we share TIPS + +Well lets take a look at this twice-yearly financial stability report shall we? + +QUICK CTRL F for the word "Tips" + +&#x200B; + +https://preview.redd.it/slmn6244nly71.png?width=413&format=png&auto=webp&s=2b9a85eaf2bb4ea8a4f0f0ac09ff7b44f188aceb + +Hmm... NO RESULTS FOUND!! But how could that be MSM? You SAID they are sharing tips according to the FED??? + +Maybe it was just 1 Tip they shared was it? + +(Insert just the tip jokes) + +&#x200B; + +https://preview.redd.it/iibvfpj8nly71.png?width=414&format=png&auto=webp&s=dad004895dccc72cbf9e5251a245cba5857531db + +Ahhh.... 6 results! NOW we are getting somewhere... + +BUT WAIT... each one of these results are in reference to the word "Multiple" + +So there is ACTUALLY NO MENTION OF TIPS OR SHARING OF TIPS IN THE WHOLE REPORT!?? + +Then why say that? + +Oh... you are not quoting the report with that statement... you are merely IMPLYING it from the context of the report ya? + +Ok well lets look at where you might be pulling that context from shall we??? + +SEEMS LIKE THIS MIGHT BE IT: + +>The widespread use of large, open social media platforms has also shaped how some retail equity investors communicate about markets. Recent academic papers have shown that social media can increase the information flow to retail investors as well as the amount of “noise” in markets from retail investor trading.10 In addition, social media can contribute to an “echo chamber” in which retail investors fi nd themselves communicating most frequently with others with similar interests and views, thereby reinforcing their views, even if these views are speculative or biased.11 More generally, social media platforms allow a single comment or post to reach millions of people and potentially affect market sentiment dramatically within a short period. + +So you read this as WE ARE SHARING TIPS... + +And you tell your MILLIONS OF READERS that this is what we are doing??? + +What it actually says is: + +* Retail investors get more information +* This is leading to an increase in Noise in the markets +* Retail Traders meet like-minded Traders online which gives us confirmation bias (Whether right or wrong) +* And that a single post can reach millions of people and change market sentiment + +FUCK YOU FOR LYING TO YOUR READERS!! + +Let's see how else you lied shall we? + +\------------------------------------------------------------------------------------------------------------------------------- + +Market Volatility LINKED to a surge in new investors could be a risk to the financial system + +\- This is your big claim. The GOAL of the article. + +You even quote the report here: + +“more frequent episodes of higher volatility may require further steps to ensure the resilience of the system.” + +Which was actually MISQUOTED... AND... taken out of context. + +Your quote MISSED the word "Financial", the quote should have been: + +>More frequent episodes of higher volatility may require further steps to ensure the resilience of the financial system. + +And taken in context with the SENTENCE BEFORE THIS: + +>Third, the risk-management systems of the **relevant financial institutions** may not be calibrated for the increased volatility or financial losses that could result from the trends highlighted here. More frequent episodes of higher volatility may require further steps to ensure the resilience of the financial system. + +So let me get this straight... because IT'S ACTUALLY HARD NOT TO LAUGH!!! + +So what you're telling me, is that the report actually said: + +Hedgies are fucked. They MIGHT not be calibrated to handle the Apes. + +And you try spin this to: + +Apes are putting the entire financial market at risk? + +lmayo... + +And how about this paragraph from your article: + +>Swings in the prices of popular meme stocks such as [GameStop ](https://www.barrons.com/market-data/stocks/gme)(ticker: GME) and Popcorn Entertainment (popcorn) so far have had a limited effect on financial stability, the report concluded, but new, younger investors tend to have higher debt and often use options, two factors that could exacerbate losses in a downturn. + +(Quote inserts Popcorn to bypass automod. u/Mods potentially disabled keywords like this for quotes?) + +IMPLYING that our use of options is what could exacerbate the issue? + +When actually taken in context, this is Fed issuing a warning about leverage for new traders which might pose a risk to them... and more focused on protecting inexperienced traders: + +>However, a few areas should be monitored. First, younger stock investors tend to have more leveraged household balance sheets. The median leverage ratios of younger retail investors are more than double those of all investors, leaving these investors potentially more vulnerable to large swings in stock prices, as they have a larger debt service burden. Moreover, this vulnerability is amplifi ed, as investors are now increasingly using options, which can often boost leverage and amplify losses. + +AND... speaking of options BTW... Did you know that THIS IS WHERE THE BEST PFOF RATES ARE PAID? + +So you are telling me that companies like Robinhood have been incentivized to get more traders USING OPTIONS... + +That PFOF has brought in a surge of new investors, who are now wisening up and turning on those who brought them in, in the first place? + +Seems like Karma to me motherfuckers! lmayo. + +\-------------------------------------------------------------------------------------------------------------------------------- + +Follow me on Twitter here: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +And check out some Youtube Videos I made here: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +Why am I begging for followers and views? + +Because it means more people will see my content! Duh... + +\--------------------------------------------------------------------------------------------------------------------------------- + +FUCK YOU MSM: + +&#x200B; + +https://preview.redd.it/j28ytl26mly71.png?width=1200&format=png&auto=webp&s=23715ebec3d06d32449d517b240b6fdd57cc4ba6 +**Coeffecient of Variation** is an indicator that was very useful in determining the VW squeeze prior to happening because it noticed how arbitrage among all the trading venues of VW stopped working. [You can read about it here.](https://www.sciencedirect.com/science/article/pii/S0927538X16300075) + +**VWAP** describes price moves relating to volume, describing liquidity. + +Volkswagen was a unique set up because it was a large cap stock that was trading on many international exchanges and many European exchanges simultaneously. As soon as liquidity dried up you would notice huge price variations that were not solved with arbitrage. This means VW would trade on one exchange at a certain price, and at an another price on another exchange. These opportunities are normally taken advantage of and prices normalize. Volatility generally is a huge profitable opportunity for arbitration, but it can become a self-perpetuating cycle as more and more volatility leads to more arbitrage leads to less liquidity and more over-under correcting. If arbitrators get liquidity wrong they can end up exasperating price variation and things spiral out of control. + +Let's take a quick look at GME and how these regional price variations worked this year: + +Indicator used\*\*:\*\* [**GME REGIONAL PRICE OVERLAY**](https://www.tradingview.com/script/hbu4YSSu-GME-REGIONAL-PRICES-OVERLAY/)**,** credit to [delegaatio](https://www.tradingview.com/u/delegaatio/). + +The regions we are grabbing GME prices on are: NYSE, XETR, [BMV ](https://www.tradingview.com/symbols/LSE-BMV/), FWB, SWB, BITTREX, FTX, [LSE ](https://www.tradingview.com/symbols/FWB-LSE/), CAPITALCOM (CFD) + +**March 2021 Run:** + +https://preview.redd.it/05kjtqplpoa81.png?width=925&format=png&auto=webp&s=a1aba799bc9d53b3a1815955e66f8d6d14411b30 + +Observe the various colour lines. Each line represents a different GME price on a different exchange. As volatility increases you'll notice there is more and more variation. + +There was huge variation on February 24th, and that maintained itself until March 10th when prices became quite normalized. It does seem March 10th was about to get significantly out of control. + +**March 29th, 2021:** + +Sometimes the indicator does not indicate any impending price move. In late march we saw a variance emerge but no price changes materialized. What's relevant in March however was the stock was, significantly, more liquid. There were still tens of millions of shares trading per day. The higher the liquidity means it's much easier for the price to stabilize across markets. + +https://preview.redd.it/7qg5njtsqoa81.png?width=981&format=png&auto=webp&s=d08352063ce0b7b1ceb53987ab53d4c6d021bbbc + +**April, 2021:** + +Here's how GME looked the entire month of april: mostly prices were tight and price action boring. Volume and liquidity was still quite high and available. + +https://preview.redd.it/v3er5cryqoa81.png?width=1080&format=png&auto=webp&s=490bdce9535b349fd186370010143321a1c1a9bb + +**May 20th, 2021:** + +On this date we saw deviation emerge of about $12. What followed was a period of sustained variation and price move to the upside. Volume also increased. + +https://preview.redd.it/shyf3op9roa81.png?width=1091&format=png&auto=webp&s=e68319e40028e44006ff50dc24d740cbc7e63dc4 + +&#x200B; + +**June 2021:** + +The May event gave way to our last most significant rally into GME AGM. Variance peaked the day after our highest push and was around $23. + +&#x200B; + +https://preview.redd.it/njddjb4uroa81.png?width=940&format=png&auto=webp&s=e5d69297a9e8afe42543a9b7ffbdeac1d3e197b8 + +**June - July 2021:** + +June and July marked some record low volume and the variation on price was very tight. Basically no action at all and things seemed under control. + +&#x200B; + +https://preview.redd.it/5uobof33soa81.png?width=1084&format=png&auto=webp&s=4daab5ec8183d462011979efd6f61617d93ff653 + +&#x200B; + +**August 19th, 2021 and August Run:** + +August 19th marked the second day of a $10 variance but on record low volume of around 1M. This was demonstrating huge illiquidity in the stock. What followed was a huge rally. GME gained about $90 over the next 7 days. + +&#x200B; + +https://preview.redd.it/untft9rgsoa81.png?width=978&format=png&auto=webp&s=86f679de97610f419a79b47337cde5100c38eab8 + +**September 9th, and September run:** + +September 9th had around a $12 variance out of nowhere and re rallied on medium volume to near $216. You can argue September was just a second re-test of the August run, and I'd agree. + +&#x200B; + +https://preview.redd.it/m7yk7kdxsoa81.png?width=1032&format=png&auto=webp&s=06caa7a7cc1b2886429e0f7fea5c43712d56a782 + +**September 30th, $8 variation, but nothing happened:** + +&#x200B; + +https://preview.redd.it/9ochei64toa81.png?width=945&format=png&auto=webp&s=f51cad760ef00429caf6f0dc54834776250b13a2 + +**October 11th, $6 Variation led to small rally:** + +&#x200B; + +https://preview.redd.it/d6wp0rv8toa81.png?width=913&format=png&auto=webp&s=a28cb3e7dc01d039dbc0d64a120bd8cda7ffcd2f + +**October - November rally was mostly undetected:** + +The first notable spread was on November 1st, after we were clearly in an uptrend, and we ran to $250 with a relatively stable and tight price spread- this would suggest volatility was well anticipated and liquidity available. What's interesting about this rally was it is technically our strongest price move on the lowest volume in the entire year. There is clearly a building relationship with lower volume and higher price moves, indicating less liquidity. + +https://preview.redd.it/8zyu92retoa81.png?width=957&format=png&auto=webp&s=c25a83ae8c2eacfc69f0ce48268f01039550d9a9 + +**November 8th, Cracks Appear, $20 variation:** + +The November variance comes after a run and into the downtrend. It surprises everyone. Volume is incredibly low. The price attempts to correct over relatively stable conditions in the following 2 weeks while maintaining a reasonably wide variation. There seems to be a strong suggestion that it is not so much a spike but a sustained variance over several days that has more suggestion for a price move. + +What followed was a November move to $250. + +https://preview.redd.it/66oq2swttoa81.png?width=987&format=png&auto=webp&s=21849af5e6ea694a6cb56f59d0e65da8b2ed8bc6 + +**December Downtrend:** + +The December downtrend was a record price decrease on record low volume, but despite that you stable and significant price variation present. + +The variation stabilizes into later December on low volume and low volatility. + +https://preview.redd.it/jq9z1uw9uoa81.png?width=1048&format=png&auto=webp&s=e8cde442240373b89a25a0612c84763eff710ea8 + +**January, Anniversary:** + +On January 6th we saw a HUGE spike out of no where (thanks to that fake MSM NFT Marketplace narrative) on only 6M volume. **This is the highest variation to lowest volume in the whole year.** + +The next day we see big volume (12M, but historically still low), and extraordinary strange price action which opens strong and gets cut down, to end with a late day rally. + +Interestingly we ended up despite 55% short volume. + +&#x200B; + +https://preview.redd.it/8opamwhevoa81.png?width=326&format=png&auto=webp&s=fc7d337e413c5e29884c4913e25872801cd9ffee + +&#x200B; + +https://preview.redd.it/2wwpbeinuoa81.png?width=680&format=png&auto=webp&s=99ed0a76e28dc551fc0b2b910ba1c3a7b08386f5 + +**Conclusion, and future relevance:** + +Coefficient of Variation and VWAP are imperfect indicators but they do demonstrate an interesting trend where *sometimes* a price variation leads to a price increase (often significantly) and historically to the upside. + +The price variation does demonstrate a general inability to properly stabilize the GME price across many exchanges due to issues with liquidity. + +GME volumes are now at record lows while entering the January Anniversary. It seems it is taking less and less volume to cause huge price variation (this is VWAP), and the underlying can not be price stabilized even with low volume, meaning the stock is more illiquid than ever. + +VWAP + Regional Price Variation indicator strongly suggests a move to the upside this week. + +*Note:* It is not a MOASS indicator... There is really no such thing. Any indicator is just a part of many tools to understand the mechanics of the stock. These indicators can help us create a model wherein we can assign a kind of probability to certain events. The probability of upside this week is very high, however we have a lot of resistance above $220. It will take a lot of buy side demand to drive past our resistance levels, but if we see any kind of repeat of volume that we saw last year then this will be achieved easily. + +If the liquidity trend continues, and GME does not issue more stock, then it is only a matter of time until the stock reacts violently to instability. This is why buy and hold works. Do not try to time any price moves with expiring strategies (options) unless you know what you are doing. I would argue far more money has been lost on GME options to inexperienced investors than made, and if that capital had went to buy and hold stock this may have long since been resolved. + +**TLDR:** + +GME trades on many different exchanges. Price differences across exchanges are normalized through arbitrage. As a stock *can not* normalize and the spread between trading venues increases we can suggest that the stock is becoming more illiquid and the volatility less predictable. + +In the VW Squeeze this Variation indicator was used to predict the squeeze two days before it occurred. + +We are not seeing any Variation indicator which suggests a squeeze is imminent however we are seeing indications of a coming price change (likely to the upside) and likely significant. + +Everyone should pay attention and use this indicator as simply another tool to understand what's happening with the stock, however GENERALLY the lower liquidity is a VERY GOOD THING and a big indicator that buy and hold is working. + +If the incumbent market participants were in complete control then GME would be trading at $50. It is clear that while they have significant power they have their limits. Buy and hold works, especially while GME is transforming and will soon attract new long whales/institutions. + +Lastly as liquidity dries up and volume declines (gradually this year) we can insert another indicator, **VWAP**, which essentially describes how lower volumes are having a larger and larger impact on price moves: this is a measure of liquidity in the stock. It is another indicator that does suggest a trend for better price action in the short term. + +**Parting Thought on Runs and Options Traders:** + +A big issue with *momentum* is that as option traders **sell** their options into price runs they create pressure AGAINST price improvement. **IF** those options had be partially or fully hedged and they're sold for cash (not exercised) then the de-hedging can add selling pressure (and liquidity) back into the stock and the price falls. This is why in January 2021 there were 150,000,000 options in the money, and had everyone exercised then T+2 would have been inevitable MOASS. Instead people sold their options for cash and the wave of selling (plus removing buy button for retail) destroyed momentum and returned some percentage of hedged shares back in the following week. + +If you have an option contract ITM, one idea is into a big run to sell it for cash (so you capture the full IV) and then BUY SHARES! Or... sell half for cash, and exercise half. Or, exercise the whole thing. This is a decision every investor has to make personally, however it should come as no shock that withdrawing capital (selling) whether it be options or shares, will cause pressure against price improvement. + +This is not financial advice. +Hello, last year I went under surgery on my leg due to an accident, this was right when pandemic started. When I asked the hospital if it was in-network they said yes. I got surgery paid my bills and all good. Fast forward two months ago I get an email for a $2500 bill that is coming from the anesthesia company. I called them and long story short, the hospital and the surgeon were in-network, but the anesthesia wasn't. Nobody told me any of this when I signed the papers or inquired about the services at the hospital. I filed a request for reimbursement to my insurance company saying that I was not aware of this out-of-network service, but they have denied my request. + +I'm not sure what my next step should be. The letter they sent says I can appeal this decision, but I would like to be more informed if my case is valid, which I think it is, and what other information/proof I should provide. Any help is appreciated. +Let me preface by pointing out that I consider myself very fortunate. My wife and I have no debts and great credit scores. We make just under $200,000 a year before taxes (80% my salary, she just got a degree so hopefully she'll make more eventually). We have saved $50,000 towards a down payment. I'm an orphan and her parents live abroad in a poor country so we will get no help. + +I'm currently paying $2,700 a month for rent, our only major, regular expense since she finished school (we don't own a car). + +With no kids, it seems like we'd be candidates to own a home but if we do 20% down payment, then we could only buy a $250,000 place which isn't going to get you much in DC. And we'd have to fill it with furniture which seems very expensive. I honestly don't understand how people really do it. Can anyone help me figure this out? Thanks. +So I live in Seattle and homes are crazy expensive here of course. Considering market and mortgage rates, I feel NOW is the right time to buy (debate is a different discussion altogether), so I'm considering buying a top of my budget home at $600k. I would put \~28% down so total **loan would be $432k.** + +&#x200B; + +Below is my budget. Please tell me if this is reasonable and not result in being too house poor! + +&#x200B; + +**TAKE HOME monthly income = $9,000** (After a MAX health savings contribution each month + 11% retirement savings) + +Subtract fixed monthly expenses for + +* \-std loans, car/home insurance, cell phone, cable/streaming tv, car payment = $1,490 +* \-child care, college savings = $2,106 (this will get cheaper and cheaper each year as kids are only 6mo and 2 years!) +* \-utilities estimate = $500 +* **-NEW mortgage amount = $2,600** + +Leaves remaining = $2,623 + +&#x200B; + +Further subtract these estimates. If not spent in the category, it rolls over to savings. + +* \-$150 gas +* \-$400 groceries +* \-$200 family clothes (clothes, accessories, shoes, etc) +* \-$500 home & vehicle (repair, maintenance, improvement, furniture, décor, etc) +* \-$500 other (personals, fun, restaurants, drinks, etc) + +**= \~$550 remaining for true savings** + +&#x200B; + +After down payment/closing, I still plan to keep \~$30k in liquid for emergencies, etc. + +I'd also say I can 75% for sure count on an extra \~$8k of income in a lump sum at end of each year. This is actually a range of up to \~$18k take home so $8k is being conservative. However, It's not guaranteed, so will not count it. This will be emergency or travel funds only. +This is a basic question but I just want to make sure I'm not missing something. If I receive a single raise of 6% after 3 years, 2% annual inflation, do I essentially break even? In other words, if I ask for a raise, it should be more than the (annual rate of inflation) X (number of years since my last raise) to actually increase my purchasing power? +I don't want to hear "money doesn't buy happiness." There's only so much I can do to earn money (and I am), but I'll be broke for the next few months while I'm grinding to pay bills and move into a place. I sound impatient, but I've been putting off hobbies for a while and I'm tired of it. How can I find a fun hobby without being able to afford it? I want to be productive in my spare time, but I can't afford a guitar, weightlifting, cooking, and other hobbies that I really want to do. Please help a broke girl out; I just wanna express myself and be creative while I wait for my work to pay off. +I entertain myself reading the stories of the young americans here earning 60k+ $ and sometimes even 100k$ a year planning on retirements, meanwhile I (mid-20) live in a southern european country (Italy) and my salary is about 14k$ a year, and I know I will probably never have a real chance at retiring early. + +My situation is not uncommon in my country, my generation has been called the "1000$ a month generation" and most of the jobs in here pay around that amount (yes, even for graduated/specialized, some exeptions apply), especially for young people (there is a big gap between old and young people salaries and work rights). For everyone I know, I'm considered in a good position, because at least I got a decent job and I'm not unemployed like many others at my age. + +Young americans, please be happy and grateful for what you have. You live in one of the most paying country in the world, and you have the freedom to plan your retirement freely. In my country you are forced to dedicate a HUGE % of your gross income into "retirement plans" but in reality the system is slowly collapsing and with an ever increasing retired-to-active ratio everyone knows none of us young people will ever see again the money we are giving to the government for our retirement (not to mention they are postponing the required age always further). + +Taxes and bill costs are always rising despite incomes are decreasing, and for most people salaries are barely enough to keep going. This is what happens when a country wide economy slowly collapse because of corrupted government, de-industrialization, and population aging. There are not many options for saving because salaries are already low. In my situation I may be able to save a decent % of my salary but in the end, that would mean saving very few thousand dollars a year, which will never be enough to retire early. + +And hey, let's not talk about 3rd world countries... those people must really live life on hard mode. So, be grateful that you at least have the option to save that much money! +It seems like a lot of the most recent DRS posts are whales with X,XXX shares DRSd. As a modest ape even after the splivvy, I just hope us with XX or even X shares aren’t forgotten about during the MOASS. + +Buy. DRS. hold. + +I do plan to buy and DRS a few more. :) +If you don’t mind me asking, I’m very curious 1) what age did you get married, and 2) were you fat/chubby FIRE before you met your significant other? + +I just don’t know how it’s possible to find love while working anymore, and how to know whether people love you for yourself or for your net worth. How did you find time to pursue both love and work? +NSCC-2021-010 is now on the Federal Register, scheduled for publication today (8/12/2021). Expected implementation: September. + +[https://public-inspection.federalregister.gov/2021-17076.pdf](https://public-inspection.federalregister.gov/2021-17076.pdf) + +&#x200B; + +This ruling is the final green light required for the government to initiate the MOASS. + +NSCC-010 basically allows hedge funds to give their long positions on all their blue chip companies to the clearing house as collateral in exchange for a loan to pay for their losses. By doing this, the government can essentially prevent a market crash from hedge funds liquidating all their positions and starting a massive sell off in the market. This is good for Apes (we get our MOASS), the government (can avoid a market crash harming the economy), banks profiting from the MOASS (they don't lose profits in other long positions in the market), and even some hedge funds may be able to avoid bankruptcy because of this (I fully expect government agencies to bring the market manipulators to justice, nonetheless). + +MOASS is coming soon. The government is almost done with the implementations to finally drop the hammer down and let it rip. Tendie man is coming to town. You don't want to regret not buying enough after it's all over. These rulings, such as NSCC-002, will prevent a MOASS like this from ever happening again. This is literally a once-in-a-lifetime opportunity. Use these final moments to stack up as much as you can before the time runs out and the Apes launch to the moon. Not Financial Advice. +Building on what /u/juaggo_ has posted earlier. It is great that everyone is fighting the good fight and telling hedge funds to shove it, and I believe that this event will be impactful in the years to come. + +That said, when you do buy, do it for the cause. Because you like the stock. **Because you want to expose how shit the system is**. Not cause you expect that you will make anything from this trade and that you will be able to pay of your tuition fees and home loans, or because you think that you are giving the middle finger to big money, because you are not. + +This is simply due to the sheer information and technology asymmetry. + +Reddit's plan is in plain sight for all of the institutions to see. Long thesis tied to gamma and short squeeze on Friday, buy and hold and remove limits to avoid giving brokers information, "get out before the bubble bursts". Most new players are on platforms that they themselves understand less than institutional investors. It is hubris to assume that institutions with all their experience with manipulation and their PhDs that literally spend their entire lives studying specific topics, yes, even short interest and how it impacts the markets, will not have a counter strategy for the very obvious retail play. + +And the worst thing is that you do not know what it is; the price could be $1000 and back to $200 within minutes tomorrow if they so choose to ride the retail pump and dump, there could be no gamma squeeze at all as perhaps all of their shorts have already moved out in the dip to 100 today. What I am saying is that whatever happens tomorrow or the week after, the probability is very high that the institutions will still eat first, and the lucky initial buyers second, and the rest is likely going to be a dice roll. + +On the other hand, I am going to make the sweeping assumption that most retail players have a surface level understanding on the strategies institutions are taking on this event. There has been a lot of focus on Melvin (almost a scapegoat at this point) and Citadel, but what about other players like Blackrock that are as strong and have unknown plans for the stock? Most will not understand the power dynamics between the organizations. One obvious example was Citadel snapping up Melvin in all of the chaos. Many other similar transactions are going on behind the scenes. Finally, they may underestimate the technology that they have at their disposal. People are paid millions to make their trades milliseconds faster, their codes a few percentage points more efficient - again, not resources your average investor has access to. + +The bright spot is the media coverage has been very negative towards malpractices in the finance industry and there will surely be some sort of legal reform. If you are getting in this late in the game and are willing to ride or die, do it because you are bringing down RH and co., and because you are exposing more scummy practices to the world to see. Chances are you will lose the fight, but you will win the war. +**This is super long but definitely interested. TL;DR at the end.** + +&#x200B; + +We have an investment property in Sarasota. Bought it for 185k, rehabbed it and it's about to be listed for 500k. We've placed coming soon signs and have already had offers for around 50k less in cash. The property is in an "exclusive" area where, while the homes aren't mansions, zoning restrictions require a minimum of 1 home per 2 acres. This is very rare consider it's less than 2 miles from the beach. Since I purchased the home, I rehabbed it to a full luxury home with all the amenities. Also, Sarasota has a massive car collector market, and being one myself, I build a 6 car hurricane proof garage on the property (it also fits RVs) - this has been the main selling point. Our neighbor across the street sold their "circa 2005" home for 400k in less than 3 days. This was a home that had water ingress through the roof and stained drywall. It is less than 100 sq/ft larger than our home and was listed as an "investor opportunity". + +Anyways, around 6 months ago we applied for a HELOC to build even more on the property without using our cash. We owed little in comparison to what we thought the appraised value would be. During the process the appraiser that came to us was the most asinine person I've ever encountered in my life. I did the walk-thru with him making sure to point out all of the work we had done. The home was left abandoned in 1995, we bought it in 2014. The entire home was rebuilt, including the studs, in 2015. It seemed like every time I told him something we had done, he had to "one up me". This wasn't limited to just the house but also my cars. I had some cars stored in the garage and while he was talking pictures and measurements, he kept telling me about how he used to own XYZ cars and his son drives this and that. Two examples that come to mind were the fact that we had put "exotic granite" in our kitchen while he had "quartz" which is "far superior". That's true, but our quartz contractor said we couldn't get a slab as large as 8x10 without cuts, so we opted for granite. Another was when he saw my car and felt the need to say that "oh that's a nice one, I bought one for my kid when he went to college. It's an ok car, it's not special, not really for me so it's whatever".... I was like, "uh ok". + +I've dealt with a ton of people in the RE world and this dude was the worse. Most have been extremely professional. I mean honestly, this dude was the only guy who was like flex one thousand on me. Not only did he annoy me with his constant need to shit on me (mind you he also told me that he does over 800 appraisals a year and that he charges $400 per so he's "rolling in the dough") but he literally F\*\*\*\*\* me on my valuation. He said "oh yeah I used to flip property but now I make around 400k a year doing appraisals. I come in, take some pictures, it's like 10 minutes, and I get $400. Easiest money ever". This should have thrown out a bunch of red flags to me, but since I was at the mercy of his valuation, I just went with it and told him how awesome that was. + +When he was done I tried to hand him the spreadsheets of all the work done, the cost of said work, and the materials and brands used. He straight up denied it saying "I don't need it, I'm a pro". I've had over 10+ appraisals on properties in the last 3 years and I have **never** had an appraiser deny anything I provide them. He also turned down comps that I found to make it a little easier for him (I know that providing comps isn't always a guarantee, but most of them take it. I never try to steer for a valuation, but to some it's helpful). + +Literally 1 day later (fastest appraisal submission I've encountered), the appraisal has been submitted to the bank. The valuation? 350k. Even the banker who is familiar with our are was in shock. To add insult to injury, he stated that the roof was in need of maintenance as it's over 10 years old, the HVAC was nearing it's life expectancy of 15 years, and in general all of the appliances were due for an update as they are "dated". It was by the far most bizarre appraisals I've ever seen. This appraisal was entirely based on his personal opinion and not facts. Manufacturing dates on said appliances and HVAC units would prove less than 5 years old. Permit research would prove the roof was completely redone in 2015 and the same for electrical, plumbing and drywall. The home has an induction top, double convection oven, metal roof, new electrical, all porcelain flooring, soft close everything (lol), and cpvc plumbing. This was one of the time I let my wife go all out and build what she would want vs what we would make money on. We both love the home and always felt some kind of sadness about the idea that we were going to sell it. Anyways, every thing he stated on his appraisal was incorrect, however, we still squeezed out what we wanted in order to use it for another investment. I called him and explained to him my issues with the appraisal only to be told "What are you talking about? I did you a favor here. You bought the house for 185k, that was a good deal. You made over 125k on the house just by living in it! You've done better than most people". I then explained to him that he was wrong, we had spent a lot of money fixing it, and that he refused to take my documentation showing all the work done. He then began to dispute the work and said at the minimum my fence was "at least 25 years old, just like that car you had in your garage" so I'm "completely wrong" about **my own home**. The car he's talking about was an antique I had in the garage, which apparently he took note of in his mind. Dude seemed really salty about the whole ordeal to be honest, since he stepped foot in the home. I actually recorded the call and it's an interesting one to listen to. Anyways, he said I can file for a "reconsideration of appraisal" so he can re-evaluate and make changes, etc. I didn't trust him and we were whole on the deal anyways since we really only needed 50k so we opted to not deal with him and take what the bank offered. + +Fast forward to last month, we've been receiving a tremendous amount of traffic on our potential listing. We have "coming soon signs" on our property. We've entertained 2 cash offers whom had appraisals done. The appraisals came back at $455k and $460k - which is expected, this is a sort of "bring cash down" kind of area. The appraisal ordered also came in at $455k. In the meantime, we have another home where my wife's parents live, less than 3 blocks away, and since we've decided to use this home for the past 2 years to live in, my wife now wants to stay. Because she wants to stay, I want to borrow to upgrade vs just upgrading since our actual mortgage is so low. I'd rather a HELOC vs a cash out refi since it's a revolving line. + +Also, there are 3 recent sales that in the neighborhood that are complete rehabs, but are 1k sq/ft larger, that have sold for 750k, 843k, and 690k. If we didn't want to stay, at least it'd be a worth-while investment to take the HELOC, dump 100k more into it, and sell it for 3x the investment. Recently people have bought complete tear-downs (literally) on my street or a street or two south for 250-300k. It's the land that's valuable. Couple that with a nice home and you're in a great position. + +The point of this. Has anybody had a "randomly selected" appraiser from the bank come out and completely fuck up the valuation? If they did, how did you handle the situation? Do you have any tips for us? We're going to the bank tomorrow and applying for a refi on our HELOC and intent on providing the appraiser with all three appraisals we have in hand. + +&#x200B; + +tl;dr + bonus number breakdown + +**I just want to know if I go thru the HELOC process again, based on your experience, if providing 3 appraisals that suggest a certain value with have an impact on the appraisers opinion or if it's a complete waste of time.** + +Bought a home in 2014 for $185k.Rehabbed it, now it's worth $450k - at least we told the bank that based on research.Applied for HELOC, appraisal came back at $350k (dude was an asshole and ignorant as shit, obligatory long story read above).Accepted LOC because we didn't plan on staying.Listed home for sale for $500k - three appraisals came back at $455k-$460k (awesome and expected).Wife wants to stay now, so I want a larger HELOC for more upgrades (her parents live 3 street away \*eye roll\*). Will the three appraisals I have now help the "random appointed" appraiser justify value provided I hand them over? + +Thanks! +I am new and I've been looking at properties in Texas to invest in (renting.) Suddenly, I see this link and after a bunch of articles, I started to search in Orlando. The prices are lower than the average in Texas and rent is higher! As a beginner I am not sure if I am missing something (taxes are higher in Florida?) + +Any advice, tips or guidelines are highly appreciated. +I've got the financing to start expanding my rental property portfolio and I've learned a good bit about the process. I have an in-law who is close in age who I get along well with who does renovation work. From what I'm seeing all over, one of the hardest parts of building a rental portfolio is getting work done on houses at an affordable rate. I wouldn't want to take advantage of family and ask too much of him, so the only way I see a partnership forming would be some sort of business partnership. + +For those who have done this sort of thing before, what are the potential problems that arise? Any conversations that you would advise to happen in the early stages, or any specific terms you would have written up in the early documentation? + +Edit: clearly this is a bad idea. Thanks for the advice everyone, I will avoid doing anything in a true partnership. Will instead look to pay per service on individual houses with him, and help him if he chooses to do some of his own down the road. +I woke up a few days ago with a bank notice, stating that my account is -998.56. + +I immediately called my bank, and filed for investigation of what the fuck happened. + +I logged in and went over everything, going about a month back, tiny transactions that I didn't authorize, and even more recently, cashed checks that I didn't know about. +Three checks went through, each 'bounced' so I'm Assuming I'm not the only guy she took for a ride... + +The girl I was dating somehow came about money... Even bought me dinner... I'm not a very bright person, and I'm not good with money, so I usually don't check my account unless there is an issue.... So I noticed this all too late. This was all over a couple of days, and frankly, I haven't felt more used and stupid. + + +How can a bank investigate these fraudulent charges and come up with the verdict wrong? Don't they check ATM cameras to show it wasn't me? + +What can I do? I shut my card off, but my account is still in the negative, and they said the investigation is closed! + +Can I press another Investigation? What if I never get my account settled? + + + + +***edit***: thank you for your replies, I will be calling yet again tomorrow. + +To clarify, she did not have MY checks (thank christ) but she cashed someone else's on my bank account. My bank is Chase. + + +Also, no, I DID NOT give her my pin... Unfortunately I am a fucking moron, and had given her my voice mail password, which is exactly the same....... I never really thought I'd run into that issue... + +Just one more thing... +This is all extremely overwhelming. I'm incredibly glad that I have the help of a lot of professionals on this site. +All of you who took the minute to read, and minute or two to reply, thank you very much. I know its small, but I somehow feel a little better about all of this, and I feel like I have a hand in my future. + + +I am currently renting; my wife and parents are pressuring me to get the largest mortgage I can get and buy a house; but I do not feel comfortable. + +I am finally realising I may never be able to afford a house ever; not sure what to do? +I am currently renting; my wife and parents are pressuring me to get the largest mortgage I can get and buy a house; but I do not feel comfortable. + +I am finally realising I may never be able to afford a house ever; not sure what to do? +It's not everyday that you get to beat the world's greatest value investors at their own game. + +It's 13-F season. May 17th is the deadline to report Q1'21 long positions. Some funds have already filled theirs. + +Here's Pabrai: [https://whalewisdom.com/filer/dalal-street-llc](https://whalewisdom.com/filer/dalal-street-llc) + +Here's Munger: [https://whalewisdom.com/filer/daily-journal-corp](https://whalewisdom.com/filer/daily-journal-corp) + +Keep in mind that they're both self-described value investors, which means that they spend a lot of time studying the "margin of safety". It allows them to take really concentrated positions in their highest conviction stocks than most other investors. They know they're not going to lose money on a 3 year + timeframe. + +Charlie Munger has 5 long positions, Mohnish Pabrai has just 3. + +Both are on record for saying that value investing no longer works in the US, but fishing in other parts of the world is easier. Non-value investors seem to agree as well. Cathie Wood is buying JD, Soros is buying BIDU. + +Both Munger and Pabrai added just ONE stock in Q'1, the same stock. I think its a "wonderful stock at a fair price". + +Valuation looks good: [https://ibb.co/PNJ0yct](https://ibb.co/PNJ0yct) + +EPS growth projections look good too: [https://ibb.co/9NvMmqR](https://ibb.co/9NvMmqR) + +Normally it's hard to guess their cost basis given that 13-Fs contain delayed data. In this case, we know for SURE that the best they could buy at was $220. + +I excitedly bought my first lot yesterday at $209 after hours and I intend to DCA more over the next few months. MSCI China just entered bear territory, it's possible that we're near a floor. + +I don't know much about business in China. I have no interest in building DCF models. I gave a cursory glance to the SEC filings and earnings transcripts, but given that BABA is an ADR and China disallows foreign auditors, I don't know how much to read into the numbers. + +One thing is for sure - I won't be able to slice and dice all this data better than the most respected value investors in the world, working only part time and weekends. + +But I can copy them, and fate has given me an opportunity to outdo them on price! + +Looking out for Burry and Buffett's 13-Fs to hit EDGAR. If one of them has bought $BABA, I'm buying more stock. If both have, I'm going apeshit on leaps. + +Edit 1 - If your best bearish argument is “CCP”, that validates the strength of long thesis + +Edit 2 - + +Disclosures: Not financial advice. Do your own research, it’s your money. + +I am long BABA ADR. I do not have any other interests such an employment, directorship or consultancy with the issuer + +Edit 3 - Neither Buffett nor Burry seem to had added BABA in Q1'21. This does not change my long thesis, but I may hold off on the LEAPs and stay in shares for a while. +Here is my original post: https://www.reddit.com/r/personalfinance/comments/32q703/18_years_old_moved_away_no_contact_with_parents/ + +Someone was kind enough to point me to another post that had lots of helpful information and I received many supportive private messages. Yesterday the police came to my apartment. My parents had both (separately) tried to apply for welfare using my identity since I am 18 and an adult now, even though I don't live with either of them anymore. I had gotten a credit freeze and a new social security number so their deceptions were caught. The police just wanted to ask me some questions and confirm I had moved away and didn't apply for welfare. They have BOTH been arrested and charged. Between this and getting an A on my first exam at night school it’s been a very good week. Thank-you again for the help and supportive messages everyone. +https://www.earnest.com/blog/americas-most-expensive-cities-part-1/ + +What do you personal financiers think? Is it worth it to relocate to a more expensive city in hopes of increasing your income in the long run or is it better to stay in a less expensive city in order to save up money? +I made a [**spreadsheet to calculate returns from investing in Roth and traditional versions of 401ks and IRAs**](https://docs.google.com/spreadsheets/d/1VZ4wKbUXdc8VA0mG4ri2wP9VuZCwae7b9MvA4u2HT7w/copy). I did this because it's a recurring topic of confusion on the part of newbies (which is totally understandable) but also of debate among well-meaning people. + +One piece of traditional wisdom has been that it's largely a wash, relying on commutative arithmetic with tax rates and an often-uncommunicated assumption that those rates won't change during the lifetime of the saver/retiree. Another is that one should use traditional accounts to improve tax efficiency anyway, and that the *rest* of it is a wash. As I hope the spreadsheet helps to make clear, these are (at least often) untrue, and the devil's in the details. + +I used the spreadsheet to test out some of my own ideas, which generally skew in favor of Roth accounts: + +* Future tax rates may well be hiked, making Roth options far safer for guaranteed retirement income + +* For lower earners, this makes extra sense because they're in very low tax brackets anyway to start with + +* For higher earners, Roth should be the default option when maxing out because of the greater concentration of earnings in tax-advantaged accounts + +I expected to find that Roth was generally better at low and high ends of the earnings spectrum, but was surprised to find it generally better in the middle too. I'm open to suggestions for improving the tool, and would enjoy discussion of the results. + +**Using the spreadsheet** + +The spreadsheet's intended to give a rough picture of how the account types perform, including when matched in different combinations. Some features: + +* In general, the quickest way to see the effects of different choices is to change settings in the left panel or in the first year's row. Try setting different combinations such as age, starting income, etc. and view the results in the grey bolded subcolumn below. + +* Most settings controlling contributions, earnings and withdrawals for a particular year can be changed in that year's row, which by default also alters following years for that column + + * This allows modeling the effect of tax hikes, etc. as well as market disruptions (sequence of return risks) + +* The contribution model of company-match-first, then max-IRA, then max-401k, then (optional) overflow-to-taxable-account is followed. + +* To make comparisons fair, savings percentages are evaluated pre-tax, but Roth contributions to both 401ks and IRAs are tax-adjusted to take up more of the savings percentage, i.e. exhaust it earlier + + * This means that to max out Roth contributions, you must set the savings percentage high enough + +* Variable inflation rates are allowed, and one can calculate inflation-adjusted earnings as well as contribution limits + +* Returns are shown in projected future un-adjusted as well as inflation-adjusted dollars + +**Quirks and known issues** + +* There is no provision for state income taxes (this would be easy to add if helpful) + +* There is no current support for including Social Security projected earnings in retirement income projections + +* There is no direct support for rolling from a traditional to a Roth account (though one could mock this up by manually setting various dollar values for a particular year, with the caveat that this would disrupt auto-calculations for the edited cells). Instead, in rollover years traditional 401k contents are rolled to the traditional IRA, and Roth 401k contents are rolled to the Roth IRA. + +* Modeling a glide path, and differential returns after retirement when the focus shifts to retaining wealth and generating stable income, is best done currently by manually adjusting settings on individual years + +**ETA: It's become obvious that Social Security should become part of the accounting, at least, and ideally state income taxes. Those are not yet added.** +I never really hear anyone talking about Verizon on here, but it’s solid div yield on top of low volatility (5 year high and low are within $20), it seems like a good choice for bringing in some long term dividend bank. Thoughts? +What We Do In The Shadows, Part 1 + +Regulatory Arbitrage + +Ape Mode: SHF (Shitty hedge funds) can hide their short positions and FTDs by using unconventional international lending schemes. They’ve done this extensively on other tickers in the past decade. The reason the short interest and FTDs “dropped” earlier this year is because they’re playing the same game with GME today. + +TL;DR Mode: Two of the most controversial questions since the end of January have been: “What happened to the short interest?” and “What happened to the fail-to-delivers?” There’s been a lot of good DD aimed at these questions but based on FINRA and SEC documents I think I’ve found the smoking gun. Hedge funds know all the loopholes, and it turns out that there’s a loophole they’ve abused extensively in the past that hides short interest, fail-to-delivers, and allows endless rehypothecation that wouldn’t be legal according to the SEC. The trick is to (instead of doing a conventional locate and borrow) to use something called an arranged financing program with foreign prime brokers. Everything ends up getting hidden as the transactions cross international borders and don’t get reported properly on either side of the pond. They also get to take advantage of rules in other countries that are much more favorable to them than the ones here. + +Too Long Mode: I started making forward progress after looking through the recent FINRA Notice 21-19, regarding potential changes to short interest reporting, where they have the following section: + +https://www.finra.org/rules-guidance/notices/21-19 + +> Loan Obligations Resulting From Arranged Financing: FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock. + +FINRA is saying that rather than doing a conventional borrow to deliver on a short, a SHF could use an arranged financing / enhanced lending program to do the borrow, and this magically doesn’t need to be reported as a short. FINRA is saying that functionally it is a short, but through the magic of “we wrote the rules” it doesn’t get reported that way. Cool! + +I looked at GME back in January when all the shorts magically disappeared and I said “hey, maybe there’s something to this.” So I started researching enhanced lending and arranged financing and there’s unfortunately not a huge amount written about this that Google can easily find, yet a few of the things I’ve read suggest it’s not a particularly exotic subject in hedge fund circles. + +But I found this document on the SEC website which is amazing and even though it’s written about something happening to different tickers 5-10 years ago it perfectly captures what we’re seeing with GME today. + +https://www.sec.gov/comments/s7-11-15/s71115-19.pdf + +So this is a response to several questions about ETFs, and the first bit is about liquidity issues in ETFs and isn’t very exciting for us. Then it gets into chronic extreme short selling in ETFs. The author demonstrates the absurdity of the size of the short position. Certain ETFs were so heavily shorted that institutional ownership (reported periodically on SEC filings) would sometimes be as high as 700% of the outstanding shares. So the shares outstanding has been shorted at least six times over, just as evidenced by the size of the institutional position. One key difference is that we have a good idea of how heavily shorted these funds were because institutions were buying them heavily and reporting many times as many shares as should exist. With GME we have a lot of DD indicating that retail owns the float multiple times but it’s much harder for us to prove, let alone pinpoint the size of this position, as it’s not reported. + +It gets better though. So we’ve got these ETFs that are comically shorted. 700% institutional ownership should mean a 600% short interest at the bare minimum, right? 100% for the real shares and 600% for the synthetic ones. What does the FINRA short interest report show though? A fraction of that. So we have a stock with a demonstrably massive short position, but FINRA says that short interest is much lower than what we observe based on actual ownership. Remember that FINRA notice I quoted near the top? This document I found at the SEC explains how this happens. Rather than doing a conventional locate - borrow the SHF uses an enhanced lending / arranged financing program to borrow the share. This has several benefits: + +•Your short position does not get included on the FINRA short interest report. + +•The enhanced lending / arranged financing programs utilize prime brokers in the UK. Unlike the US where rehypothecation is a bad word, the UK is very laissez-faire about it. So we can wildly rehypothecate everything we can get our hands on. + +•FTDs also disappear because even if they’re happening they end up recorded off book and overseas, and not reported to American regulators. The funds being discussed in the SEC document had very low FTD rates despite having an insanely large short position with nowhere close to enough shares to cover the long positions. Sound familiar? + +The SEC document explains: + +> One of the reasons the NSCC data is not accounting for an adequate number of fails of U.S. securities is because some large short positions are book-entered with special financing conditions (sometimes referenced as enhanced lending, enhanced or arranged financing, with re- hypothecation as a transactional component). Most special financings are book-entered in offshore jurisdictions and accounted for outside of the U.S. national clearance and settlement system (DTCC/NSCC). The risks from re-hypothecation and similarly named practices have been building since the last financial crisis. These types of transactions appear to have been misunderstood by regulators, perhaps because they were misled regarding the nature and magnitude of the activity. The re-hypothecation process is well understood by sophisticated U.S. clearing firms and was developed to evade U.S. laws, rules and regulations. Arranged and enhanced financing are typically executed through divisions of the same clearing firm and entail loaning/borrowing synthetic assets/shares to/from another affiliated branch. + +So we have here a mechanism that explains two of the biggest questions about GME. Where did the short interest disappear to? Where did the FTDs disappear to? It also provide a mechanism for the sort of infinite rehypothecation that would be against the rules in US markets but sure seems to be at play in how heavily shorted GME is. + +It’s not surprising that a loophole like this exists in our regulatory structure. The rules are written in order to appear to take a strong stand against market manipulation and abuse while allowing these sorts of gimmicky backdoor tricks to persist so that nothing really changes. And it’s not surprising that hedge funds would resort to this specific loophole to hide their short position in GME, after all this is far from their first rodeo using this loophole to abuse short selling rules. Companies like Citadel brag that they make their money off arbitrage. I suppose they figure that playing fast and loose with the rules via regulatory arbitrage is the same thing. +Probably preaching to the choir here, but: + +About 10 years ago my best friend called me up. He'd graduated from an expensive private school with ~$100k in student loan debt, and had been admitted to law school at the same place. Turned out he was having a wee bit of trouble financing it. He wanted to know if I'd co-sign on a law school loan or two. + +At the time, I didn't even know what that meant (I got through college with no debt, thank the Old Gods). Called up my dad who strenuously advised me to under NO circumstances co-sign on anyone else's loan, ever. So I told my buddy sorry, but no. + +Unfortunately, our friendship was never the same after that. I'm sure he resented me for not being a true bud and signing. But somehow or other he managed to get financing for God knows how many more tens of thousands in loans for law school. + +Fast forward 10 years. Found out recently that, like many with law degrees in the current economy, his income hasn't kept pace with his loans, and he's defaulted on his student loans and the debt collectors are pounding on his door, taking his car, garnishing wages, taking out liens, etc. + +And if I had agreed to co-sign those years ago, those debt collectors would be coming after **me**. + +Thank the Old Gods for my dad's wise advice, and the lesson is: never, ever co-sign. Ever. + +EDIT: Interesting minority of folks here chiming in to say they co-signed X loan with no problems. Some get lucky, I guess. Also, I suppose that in a **very** few limited number of situations - parents helping children - co-signing *might* make sense. I still wouldn't do it if it could at all be avoided, though. + +EDIT 2: So many horror stories. Anyone considering co-signing a loan should be required to read through these comments first. +Partner and I make $170,000 combined located in Florida. After using a couple mortgage calculators and adding a 5% down payment, it says we should be able to afford like a $700,000 home, which would be a like a $4300 monthly mortgage. + +We currently pay $1500 in rent for a 1 bedroom apartment but with rising rent prices our unit (and similar comps) is now around $2,000. + +I would be comfortable with around a $2000-2200 monthly mortgage, which puts us in like the $350,000 home price. + +Is it crazy to think the mortgage calculator is way too high? +&#x200B; + +[ ](https://preview.redd.it/o2yywestqao71.png?width=1697&format=png&auto=webp&s=2eaa8c65d3434616c1ef0eb0e11ac66222334c85) + +**Summary:** Imagine you are playing chess and are one move away from being checkmated. You decide to amend a rule to move your king magically out of danger, would you not use that rule? That is what may have happened with futures contracts. This post investigates in-depth the CFTC, Goldman Sachs, and the CME's possible collusion to avoid significant damage to the financial system from bad futures positions. + +**Contents:** + +* **HYPOTHESIS** +* **CME'S RISK MANAGEMENT** +* **REFRESH ON FUTURES CYCLE** +* **TIMELINE OF CFTC MEETINGS** +* **TRANSFER OF TRADES AMENDMENT** +* **HOW WE CAN VERIFY** +* **CONCLUSION** + +The last few weeks have been filled with a lot of anticipation of the fall futures rollover window. (We now know futures trading is allowed to be rolled over until the expiry date). I'm a firm believer that the previous spikes/price movements that occurred earlier in the year have been a function of settling the rollover window of quarterly futures contracts. + +Now I think I have solved why there wasn't the same price action during this window, and my hypothesis will go into depth on that. As usual, nothing here is financial advice, and my hypothesis could be wrong. The great thing about the scientific method is that it should eventually reach the truth. I am not asking anyone to debunk me, but rather if I am wrong, help me get this right. I want to get as many eyes on this theory as possible and hopefully, help uncover the mechanics of what is going on. I also want to shout out to [u/toxsic99](https://www.reddit.com/u/toxsic99/) for helping me dig. This is a long post for please try and get through it. + +&#x200B; + +* **HYPOTHESIS:** + +The CME group is a counterparty to Goldman Sachs/other SHFs, and has moved a giant bag of Memestock short positions. Additionally, the CFTC let them transfer those positions as realized losses would have significantly hurt the systematically important derivative clearinghouse and the global systematically important bank. + +&#x200B; + +* **CME'S RISK MANAGEMENT** + +A few weeks ago I stumbled upon some information regarding the Chicago Merchant Exchange Group (CME) that points to manipulation with Commodities Futures Trading Commission's (CFTC) stamp of approval. We will get to that. + +First, we need to investigate who the CME group is.... + +CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. It has been designated as a Systemically Important Derivatives Clearing Organization (SIDCO). + +CME Clearing serves as the counterparty to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, maintaining a matched book, and limiting the credit risk by guaranteeing the financial performance of both parties. In a bilateral system, each participant faces the concentrated, individual credit risk of the other party to the transaction. Satisfactory fulfillment of the transacted contract or agreement depends primarily on the creditworthiness and proper behavior of each individual party to each transaction. CME Clearing mitigates counterparty risk through becoming the counterparty to both sides of the transaction, while utilizing risk tools such as: the collection of a performance bond (also referred to as initial margin), daily mark-to-market cycles, and the collection of Guaranty Fund contributions, among other tools. By this mechanism, the concentrated credit risk of each transaction is transformed into a well-diversified and regulated risk supported by the financial safeguards system [Link on risk](https://www.cmegroup.com/clearing/files/financialsafeguards.pdf) + +Let's look at their performance bonds and Guaranty Funds for the past few years... [Link to quarterly reports](http://investor.cmegroup.com/sec-filings/sec-filing/10-k/0001156375-21-000020) + +[ ](https://preview.redd.it/5gmudgv3rao71.png?width=1029&format=png&auto=webp&s=a57a92b598176edb86e88a9fbb9a26bbec5da11b) + +In the last few months, the Performance bonds and Guaranteed Funds have ballooned to $141 Billion Dollars. That is roughly a $104 Billion increase in 18 months. + +**What are performance bonds?** + +Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. + +**What happens if a defaulting member's position is worse than the balance of performance bonds & guarantee funds?** [Link](https://www.cmegroup.com/content/dam/cmegroup/rulebook/NYMEX/1/8.pdf) + +&#x200B; + +https://preview.redd.it/pdymvy77rao71.png?width=899&format=png&auto=webp&s=f0275e3b2b78a30e8d7fb97249d4aadcbd849b9a + +[ ](https://preview.redd.it/h1oxh8z7rao71.png?width=299&format=png&auto=webp&s=d3c8e8e672b5c301db3bfecd7a92cdb045a0ec66) + +**TD/DR In the last 18 months, the value of the CME group's Performance Bonds/Gaurarentee Funds grew 381%. As these are used to mitigate risk in futures/swap contracts, it looks as 1 of 2 things may have happened in the last couple of months** + +1. Their current customers may have some increasingly risky positions, and the vast increase in these bonds/funds reflects that. +2. They may have had a significant increase in new customers and the increased bonds/funds are due to that + +* **REFRESH ON THE FUTURES CYCLE** + +These are graphs that were previously posted that show a significant uptick in the price during rollover windows. It was predicted that we were to see another spike from August 27th until Sept 17th. I am assuming those who are reading this are familiar with Criand's Cycles DD. + +&#x200B; + +https://preview.redd.it/ti51oek9rao71.png?width=2206&format=png&auto=webp&s=bdd8e3220b615cbaea4ea9d05863ead41c234883 + +[ It was found that the last day to roll for the September period is the expiration date \(September 17th\) ](https://preview.redd.it/bwmdnm9arao71.png?width=981&format=png&auto=webp&s=1300f42a32bd41c1a108a30870a2eb3750505ee7) + +* **TIMELINE OF CME MEETINGS** + +On January 27th (**during the baby squeeze**), the CME reached out to the CFTC regarding a participant/participants who had exceeded a position limit and wanted an exception and an amendment to the rule, under these provisions the position needed to be concurrent with a limit set for March 15th, 2021. [Link](https://www.cmegroup.com/content/dam/cmegroup/market-regulation/rule-filings/2021/2/21-069S_1.pdf) + +https://preview.redd.it/kcoghrbcrao71.png?width=978&format=png&auto=webp&s=2fbc57f937d65b9f134c3358f319cdfd05a187e1 + +Let's see if having a giant swap position would technically qualify for such an exception with these amended rules.... + +&#x200B; + +[ Based on the new amendment it looks like they could hold the position ](https://preview.redd.it/mafn1dxdrao71.png?width=1015&format=png&auto=webp&s=df9b4da9d8ecea375bc0e2f9a70ccac0256030a5) + +As the giant position was not settled by March 15th, the CFTC and CME group connected on April 11th to discuss the current situation at hand. It looked as if a participant/participants of their clearing house are in a lot of trouble and the credit risk was not settled. [Link](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings/dfmeeting_091620_1724) + +[ ](https://preview.redd.it/o03lultfrao71.png?width=912&format=png&auto=webp&s=73d9d40bacb3d230c0483b3f8283acb499f7ec22) + +Now, why would the CME group want to discuss segregation and bankruptcy with the commodities futures trading commission? That's an interesting question. Let's see if anything happened regarding the CME after this regulatory meeting... + +[ ](https://preview.redd.it/0m6cfsehrao71.png?width=914&format=png&auto=webp&s=8f7277ae47f167f2a160b718397a21af026221b6) + +A week after the April 9th meeting new documentation was released between CFTC and the CME group. It looks like an exception was granted regarding a person/s who was already in excess of a position limit, who needed an exception. Now it's possible that this could be an independent event, but I suspect it could also be the same position that needed an exception in late January. Now, this is speculative but let's say this position that needed an exception twice already is a ticking timebomb. Given the mechanics of futures trading, those same participants are required to settle the change in the underlying position. + +**If only we had a clue who might need that position exception. (Thank you Lobbying Disclosure Act!)** + +[ https:\/\/www.cftc.gov\/LawRegulation\/DoddFrankAct\/ExternalMeetings\/dfmeeting\_100220\_1720 ](https://preview.redd.it/xeug6roirao71.png?width=883&format=png&auto=webp&s=9e8f6e78197c41c29741f0016975c3b08a68fdb6) + +&#x200B; + +[ https:\/\/www.cftc.gov\/LawRegulation\/DoddFrankAct\/ExternalMeetings\/dfmeeting\_070220\_1703 ](https://preview.redd.it/5vojye9krao71.png?width=414&format=png&auto=webp&s=181c73ecc7beb53d0a4c0a9c936b484ac1212e1b) + +&#x200B; + +[ https:\/\/www.cftc.gov\/LawRegulation\/DoddFrankAct\/ExternalMeetings\/dfmeeting\_071020\_1706 ](https://preview.redd.it/0dn7iawlrao71.png?width=447&format=png&auto=webp&s=7a83383c7c2c35dcdd4d3dba403a7a4419783466) + +Now I'm not convinced that all 3 meetings were on the same day and may be more likely that it is a reporting error, but I find it extremely suspect that Goldman Sachs is the only bank to visit the CFTC within the first half of 2021 (minus the time MS joined the ISDA meeting). I propose that Goldman Sachs may be a counterparty on some of these Memestock positions. + +(Side note the last meeting must have been super important as way more executives attended that than a usual meeting. Vice President Marta Poleszczuk who led most meetings just left Goldman Sachs after 16 years in June, that doesn't give me a vote of confidence. Theo Lubke another managing director has also left Goldman after 11 years.) + +Just for kicks and giggles how does Goldman's derivatives position currently sit? + +[ Goldman Sachs has 136 X the Derivatives to their Assets as of Sept \(Thanks Boss Blunts for your help getting this report!\)](https://preview.redd.it/6rb2d25orao71.png?width=960&format=png&auto=webp&s=196b34b29eddb82bdf994c6fbdfd783753fc4790) + +* **TRANSFER OF TRADES AMENDMENT** + +On August 11th the CFTC sent a letter to Mr Chris Kirkpartrick of the CME regarding the implementation of a proposed amendment on the **Transfer of Trades and Customer Accounts rules**. + +This amendment discusses a new provision for a clearing member who wishes to manage the liquation and hedging of a defaulting customer. This clearing member has the contractual right to transfer the position. These amendments were effective at the beginning of the last rollover window (August 26th 2021) [LINK](https://www.cftc.gov/sites/default/files/filings/orgrules/21/08/rule081121cmedcm001.pdf) + +[ ](https://preview.redd.it/eq32y4lqrao71.png?width=1013&format=png&auto=webp&s=2661b5ccc72b8d1e8220fe274dfb71e11426882b) + +What are the core principles of this amendment.... + +&#x200B; + +[ The CME is allowed to transfer the trade if the situation requires if it remedies a market disruption. Such a trade does not relieve the responsibility of the clearing member. ](https://preview.redd.it/uvxhpgtsrao71.png?width=1009&format=png&auto=webp&s=f81825d1706de90dd2517a5897cb32abfa253351) + +&#x200B; + +[ This is the new rule\/rules added to the amended CME rulebook effective Aug 26th.](https://preview.redd.it/pqzsmf6urao71.png?width=906&format=png&auto=webp&s=d8a27b748aab7920e907de7924cc0f62d290cf38) + +**More evidence to support trade transfers** + +The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It will send questionnaires to different financial organizations regarding risk, and other information. Please see below the answers to some questions regarding default and risk that were asked of the CME group. [Link](https://www.cmegroup.com/clearing/files/cme-group-response-fsb-questionnaire-continuity-of-access-20210301.pdf) + +&#x200B; + +https://preview.redd.it/xyf97y2wrao71.png?width=1467&format=png&auto=webp&s=3f81bb7454584124e2f44326a8b311d9ba1d8e81 + +[ ](https://preview.redd.it/9ikzhtjwrao71.png?width=984&format=png&auto=webp&s=335f96aa5288b8745597ed2fbaac40b02ef3d671) + +* **HOW WILL WE VERIFY THIS THEORY?** [Link](https://www.cmegroup.com/content/dam/cmegroup/rulebook/CME/I/8/8.pdf) + +Well, so far we haven't seen remotely the same volume that we expected during the last 2 rollover spikes. There has been some price movement that has been in Gamestop's favor, but nowhere near what we saw previously. Therefore this thesis is indeed plausible. I was wondering if there would be any way to verify my hypothesis. Well, I have come up with 2 ideas. + +**1)** We should see some declaration probably within a few short weeks on CME's notices as per their house rules. + +[ I would expect to see some participants listed within a week or 2. ](https://preview.redd.it/qhidet4yrao71.png?width=807&format=png&auto=webp&s=cbca96ca01843f9732c1b3f6db3a9c28c121fa05) + +**2**) I would expect to see some changes or something out of place regarding their next quarterly report due Oct 27th. + +&#x200B; + +* **CONCLUSION** + +Now if the price movement in the previous cycles was from settling the change of a futures position to the CME, then in theory either the CME is now holding the positions/or has moved the position due to the default of the counterparty. This theory is still plausible as we did not see our projected settling/price movement during this rollover window. I also propose that Goldman Sachs is indeed one of the counterparties in the meme stock futures trade. I am not saying they are a defaulting party, but I suspect they are in a world of hurt. **Please note these** **positions still need to be closed, but what will be the catalyst for this will not be from futures**. + +We should in theory see at least 1 declaration notice of default in the upcoming weeks as per CME's own rules and regulations. + +&#x200B; + +**Alternative possibilities** + +It is possible that those futures positions could have been rolled prior to the rollover window. + +I have been told that it is also possible the position has been covered in a cash account in exchange for synthetics on the secondary market. + +SHFs have let the expiry window run through and will settle the position (very unlikely) + +&#x200B; + +**Discussion** + +I want the readers to think about what the alternative to this is. I speculate the MOASS would not occur prior to having the regulatory pieces in place. I believe a controlled MOASS is preferred by those in charge rather than everything crash all at once without a plan. I wouldn't expect the MOASS to occur until at the least [NSCC 2021-010](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf) is active. + +If this is correct next week we should start to see some sell-offs as liquidations start. You should be wary of a narrative that these sell-offs are due to Evergrande. If there's a correction is likely due to both. +I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. + +I will not share the video with my analysis as that would be considered self-promotion. + +McDonald's makes money in two ways: + +1. Company-owned restaurants - The revenue has significantly decreased in the last decade. This part of the business is related to the restaurants that McDonald's operates and the revenue represents the sales of burgers, fries, beverages, and pretty much everything that is on the menu. It represents about 40% of all the revenue and the operating margin is very low (8%). +2. Franchised restaurants - This is the part that has been increasing over time, now represents the remaining part of the revenue, and has an operating margin of 73%. However, unlike the first business segment, in this one, they make 64% of the revenue from collecting rent and the remaining 36% from royalties. + +If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". + +From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. + +After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. + +So, I did value McDonald's based on the following assumptions: + +Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) + +Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) + +WACC - 5.91% + +Outcome: $150.90/share (Much lower than the current stock price) + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins: + +&#x200B; + +|Revenue / Op. margin|45%|50%|55%| +|:-|:-|:-|:-| +|48% ($34.5b)|$150.9|$173.9|$196.8| +|60% ($37.2b)|$161.5|$186.1|$210.7| +|80% ($41.8b)|$178.5|$205.8|$233.0| +|100% ($46.5b)|$165.3|$224.9|$254.8| + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. + + +EDIT: Thank you for recommending "The Founder". The fact that based on my analysis, many have thought I've already watched the movie, gives me a lot of confidence. I have already added it to my list and will watch it :) +[Update](https://www.reddit.com/r/personalfinance/comments/3uyx5k/update_400k_suddenly_in_my_bank_account_since_3/) + +------------------------- + +Throwaway. It is an odd number $abc,xyz.xd, so it's not as simple as adding an extra zero and calling it a mistake. + +The bank also called me up and asked me to move the money in an account that has a higher interest rate than my current one. So instead of getting ~$100 per month, I'd be getting ~$400-700 per month. + +What should I do? + +I'm in NSW, Australia. 22 years old, no student loan, didn't go college, finished high school. Just been working. No car, no debts. Still live with my parents and don't pay rent, but help out with groceries once in a while... + +Please advise on what I should do? Thank you in advance. + +-- + +EDIT: post is locked due to silly comments, but pls pm if u have actual advice. thanks. +also i mention a little about me because i have no reason to want to use this money as i have no financial burden. thanks for all your helpful comments. +I have a rental apartment in Melbourne cbd (no furnitures) that my rental agent is suggesting me to buy a landlord insurance ($370 p.a. Roughly 1.5 weeks worth of rental income). I had a deep dive into landlord insurance can’t figure out why is it necessary. Please correct me if my mindset is wrong. + +All catastrophe damage is already insured by building insurance that’s included in the owners corp fee. I have no content (aka furniture) to be maliciously damaged or stolen. And if the tenant did a hit&run damage or ran off without paying rent, I believe the bond that’s collected by my agent is enough to cover. + +I know I may sound Arrogant here but I really don’t see the benefit of having a landlord insurance for any foreseeable damages that the bond/building insurance isn’t able to cover. Happy to hear the other side of the story :) + +Edit 1. By comparison, my residential townhouse insurance is $500 pa and it insured $50k worth of content and another $50k worth of valuable items. Comparing to the landlord insurance, it’s hard for me to justify the cost. + +Edit 2. After reading thru many of your comments I will get myself a landlord insurance. It seems like there are many potential risk factors that I didn’t put in calculation. Also TIL that the LL insurance is also deductible. + Holding 40 contracts at 0.65 for $500 $SPYc, expiry December 31st + +It’s now at .24. + +Bought these for 2700 and down 1600. + + +Now I want your honest opinions. My judgement was that the infrastructure bill was gonna have the stock market on a fly. Bought these with confidence and even fear of missing out but like everything else does, it sold on news. + +If you were in my position, how would you leverage my position? I just want some ideas, obviously I’ll be the one making the call but I wonder if waiting till expiry is the smart move or if I should get out and try to make money on the downside. + +SPY keeps making lower highs and lower lows and for this time period, I don’t think it’s gonna look well for about 2 weeks. Who tf knows right, could be the beginning of a crash or the correction before the big printer gets some new ink. Or it’ll trade sideways, but who the hell knows. + +The theta is -.013, so realistically I’ll be losing $40 everyday until expiry. What do you guys think? +Everything I read. Everything I watch. Everything I hear others talk about or tell me. It all has to pass through my over 1 year old r/SuperStonk filter. + +And I would not have it any other way. + +Sure, it sucks to hear people on TV spewing nonsense to the uninformed. But I’m zen. It’s laughable the way they lie or try to explain what is going on in the markets because of inflation, or war, or blatantly leading reports. But the sub is zen. + +The things that have been discovered, pointed out, DD’d, debunked, and re-DD’d are beyond anything the world has seen to this point. And may ever see again. + +The only thing that is needed now is a free and fair, fully transparent, blockchain-based stock market led by Loopring, GameStop, and chaired by our favorite RC. It’ll all come together tomorrow. + +But before tomorrow comes, DRS your stock. MOASS incoming. And stay zen folks! +I am so glad people have started to realize how bad Meta is and how they violate every rights to privacy. + +If there will ever be a thing like the Metaverse, Mark Zuckerburg is going to be the last person I would want creating it. + +Cryptocurrency is about decentralization. Meta is the absolute opposite of what Crypto is about. + + [Source for Meta losing $500 billion since changing their name.](https://www.pcgamer.com/facebook-has-lost-dollar500-billion-since-rebranding-to-meta/) +Yesterday, I reached a major milestone: my net worth (assets minus liabilities) is now over $1M. + +I can't help but think of Ben Affleck's speech in Boiler Room: "They say money doesn't buy happiness? Look at the fucking smile on my face." + +Edit: here's a screenshot that breaks down my assets: Total Assets as of 8/3/18 https://imgur.com/gallery/K5oFmWV + +I am in a serious dilemma right now. + +I am 18 years old and about to graduate high school in a month, and I am unable to verify my identity because I don’t have the necessary documents. + +Both of my parents can’t help me as my mom is in a psychiatric hospital, and my father passed away in November. + +I do have copies of my birth certificate and social security, but no government place takes them as they’re not the original or certified copy. Can someone help me on what necessary steps I should take because I’m unable to work, open a bank account, or get an I.D and I am about to start college out of state in like 3 months. +Hello fellow investors! I don't need calculators because I use DealCheck. Are there other benefits to the BP pro membership that make the cost worth it? I do want to support them because they've been so helpful to me, but I also don't want to put $300+ towards something I won't use. TIA! +**EDIT #3** 3:10P EST: *sigh* No bs, ex-GF is threatening to "fuck off" roomies credit and purposely damage assets after their discussion about the car delinquency. Can anyone offer a suggestion before something goes wrong? Real stressful times man. Link to the other post [here](https://www.reddit.com/r/legaladvice/comments/6wtib4/ct21mupdate_sigh_exso_stating_that_she_has_ssn/). I didn't want to edit it into here cause I didn't think it would get enough attention and I'm just so stressed out. I definitely think both posts warrant their own dicussion thread. Once again, thank you to everyone and anyone who offers suggestions and advice; I really appreciate it. + +----------------------------------------------------------------------------------------------------- + +So, long story short this is a brother to me. We're not related but we've been through a lot. I invited him to live with me splitting expenses when he was on his last dollar. I promised him that I'd never let him be homeless again. This was late April. + +He came from another state and had an SO. He had an apartment under his name with her and (stupidly, which I told him not to) financed a 2016 Kia something. Came out to like 16K initially. He left the SO and the car out in the other state and came to live with me after things with her spiraled downhill. He knew that being around her wouldn't be healthy and he couldn't progress. So that's the back story. + +Foolishly, again against my advisement, he left the car (which is **joint responsibility** in between the two them in the other state in the SO's hands instead of giving it back to the dealership. Four months later, we were thinking about a small personal loan so he could get a $1,500-$3,000 car just for work and a small $1,000 emergency fund. So... we run his credit report. + +It returns with a freaking 486, 492 and 496, from all three major credit agencies and **5 collections accounts**, **4** of which were **tickets** (that he knew about, but didn't know hit collections) and the **5th** which blindsided the both of us, **$499 past due** on the vehicle with the last payment received on f**cking April 1st, 2017 and the first delinquency on June 1st, 2017. + +Basically, his ex-SO screwed him and broke her promise to pay the car, tanking both of their credit scores. + +Here are the debts in total (not 100% accurate cause I'm on laptop not home PC): + +- Car, joint with SO - **$15,500** initial takeout. About **14,000 owed**. No payment since 04/01. He hasn't spoken to old SO in months. Do you think the repossessed the car? What should he do about this? + +He wants to give them back the car but if they're gonna take the car and make them pay the $14,000 debt, then that'd just be stupid. What if they take the car for used value (I guess $9,000), remove that from the $14,000 debt and split it evenly amongst the two debtors? That would be ~$2,500-$3,000 sans any fees. Is that how they do things or? + +- Ticket from old state for license suspension. Owe's $3,000 on license, takes $1,000 to get reinstated but the collection debt is **$1,272**. + +- Ticket from old state. Don't know what it is. He has about 3 of them all around the $3-$500 range. I'll ask more about what these are from exactly, but I'm more worried about the financial ramifications. + +**EDIT: 2:13P EST**: Let me just also add that he doesn't have state health care (Husky) or any for that matter so seeking guidance, help, therapy and/or counseling is not a viable option right now. Sorry I didn't mention that earlier, my apologies. + +Like the title says, yes, my roommate is about the closest thing to at the lowest point I've ever seen. He has $0 savings and probably $100 to his name after bills. He doesn't have a car and I couldn't even give him my old one to get a better job but he can't even drive it cause of his suspended license. He has **no** college credits and has failed out of two different state institutions (sigh, probably both of which he owes money to now). + +He works 35-40 hours a week at Dunkin' Donuts making like $10.50/h. I don't want this to be my brother, I don't want this to be his life. I just don't know how to get him out of this spot. We are literal **complete polar opposites.** + +All family is in another state and he grew up in the foster care system. He left foster care on his own when he was 18 for the freedom. Is there anyways we can get the benefits back from him or? + +No health care to his name right now, however we have free health care available to us in our state. Does anybody know how long it takes to get this done? + +I'm the one with the 739 credit score, 51 college credits, job for last 20 months, two cars in my name, $0 debt, 4-digits savings and the apartment is in my name. I really don't know how to help him out and it's so, so, so frustrating. + +Please, please, **please**, *anybody* that could give us *any* guidance would be **SO** appreciated. I mean wholeheartedly. Because it's draining me because I care so much about this kid and it's clearly draining him because I mean, just look at that situation. + +Is there anything we could do? Any trades you guys would recommend? Changes don't have to be immediate, but they just have to happen ): + +Thanks so much guys :/ + +**EDIT**: Should he file for bankruptcy? I mean, his credit is so shit that it wouldn't make a difference but I **KNOW** that *nobody* wants to speak to you for the next 7 years after that, and I wouldn't call this an amount of "unrepayable debt." + +**EDIT #2:** I have a stats class at 3:55P EST and I'm just going to relax right now. I didn't know this post was going to get this much attention (6.3k at time of viewing, 2:10P EST) and I can't respond to everyone, whether right away or all together. Please, however, know that I am reading everyone's perspectives and points of view and will allow him to read them as well, if he pleases. Thank you all so much for your time and care, and hopefully I'll be able to update this post when he's made/leaning towards a decision. +Can someone explain this to me in detail or at least give me some idea? It doesn’t make any real since to me. For example, Apple. I heard Apple’s earnings were coming out this week and thought to myself “you know, it’s Apple, let’s buy more of their stock in anticipation of these earnings” and sure enough, Apple blew it out of the water from what I’ve read. + +But not only did the price fall on Tuesday before the earnings report but it’s continuing to fall today! It just doesn’t make sense to me, I feel almost cheated that I could have gotten a better price today after these amazing earnings reports as opposed to anticipating the amazing earning reports and buying early. I know there’s no fool proof way to time the market but this has just been bugging me lately so if someone had a fairly comprehensive answer I would love to read it. +Curious +(1) how should one use a financial advisor/planner (what expertise do they truly offer or should you use them for); +(2) how does one’s relationship with a financial planner change over time; +(3) how and how much one should compensate that financial advisor (hourly advice or % of managed portfolio); +(4) how one can validate they are working in your best interest or how does one protect oneself against a scammy relationship? + +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Can somebody help me out here? I’m new on Reddit and just bought into GameStop for a share as a sign of solidarity. When I try to post I’m any of the stock market related communities, it says I’m on a three day suspension because I don’t have enough karma points. How we supposed to get the karma points if you can’t leave a comment anywhere? Am I gonna have to go to some cooking subreddit or something like that and post for a few weeks to get a bunch of those before I can go on any of these other subs? I’m really at a loss for what to do here can somebody please let me know if there’s a work around for this? I’m loving Reddit but it really blows to not be able to interact. +BABA is tanking and I'm trying to decide whether I should cut my losses and just sell at a loss, do some tax loss harvesting, put that $ elsewhere and call it a day. Or should I be a steely-eyed investor, avoid panic selling, and hang in there? + +I'm not thrilled that it's a chinese stock in the first place, and this sub has no shortage of rationale for why that's not advantageous. To summarize: easier to artificially manipulate the price as the gov't sees fit, less stability, less peace of mind for us as investors. + +&#x200B; + +Before I even post this, I know the counter-arguments I'll be getting. "This analyst is just n=1 out of many", "analysts shouldn't be trusted because they make recommendations in their own best interests based on their own positions", etc. etc. but I'll post this anyway: + + [Susquehanna](https://www.streetinsider.com/entities/Susquehanna+International+Group+of+Companies) analyst Shyam Patil lowered the price target on Alibaba (NYSE: [BABA](https://www.streetinsider.com/stock_lookup.php?q=BABA)) to $310.00 (from $350.00) while maintaining a Positive rating. + +The analyst commented, "We continue to view BABA as the China e-commerce category killer with a large secular growth opportunity ahead despite regulatory and listing concerns. Although consolidated revenue missed slightly, CMR growth of 57% y/y was very healthy, and BABA is seeing improving profitability leverage after lengthy investment periods. BABA remains on track for its strong guide of 30%+ y/y revenue growth in F2022, demonstrating sustainable execution." + +&#x200B; + +Anyway, what are your thoughts on BABA? + +My position is about $10k and I'm currently at \~38% loss. +Throw away account… 35, $1.3m NW, VHCOL city, 1 kid. + +I’ve been fairly consistent at climbing the corporate ladder everywhere I’ve worked in tech. Currently at director level at a >$50b company. + +I’ve always assumed founding my own SaaS would be the ticket to a $5m-$10m net worth. But recent SVP/C-suite comp packages have me reconsidering that assumption. + +For those who have been on both sides: How have you evaluated opportunities in big tech leadership vs. taking the shot at founding a startup? + +Obviously there’s no certainties or guarantees on either approach. + +Did you have a more precise fatFIRE number + age, then work backwards from that? Did you just put yourself in situations that happened to work out? Or a little bit of both? + +I lived at a complex that is part of a big chain of apartments. During the summer, I had a roach infestation from roaches coming from outside, as I always kept the apartment impecable, but I could not control the roaches as they found a way in. I submitted a request for pest control (which was an additional $15/month fee on top of rent) for 4 consecutive weeks, the apartments did send a pest control specialist however the infestation was not controlled at that time. Sick of having the problem, I bough an industrial strength roach killing product and sprayed every corner of the apartment, and also added traps and baits. These final actions from my part controlled the roaches. + +Fastforward a couple of months, when I moved out and the apartment complex is charging me $1700 to replace the fridge, range and dishwasher because of “roach damage”. I CANNOT afford to pay that, nor do I believe I am responsible because that damage happened while they were providing pest control services. Does anyone have any advise for me regarding how to confront the situation? Thanks ahead for your time to read this, I am desperate for an answer as I cannot afford to pay my current rate plus those charges. +The ‘Fire’ movement and the trouble with penny pinching + +Parsimony is a way of life for those who aim to retire in their 30s and 40s — but how practical is it? +By Claer Barrett + +https://www.ft.com/content/f4283596-c967-11e9-a1f4-3669401ba76f + +Google Search Result : + +https://www.google.com/search?q=The+Fire+movement+and+the+trouble+with+penny+pinching + +As you can imagine from the title, the author us not that impressed. The usual arguments such as penny pinching, lentils as your 5 a day and pitfalls of 4% SWR etc. are on offer. +Currently spending $60 per month on the gym, would love to hear what everyone else is spending or thinks is a reasonable price? + +*thanks for all the comments and insight into what everyone is paying for their fitness memberships!* +Insurance costs seems to be rising much faster than CPI for the last few years. My example: + +Home + plus contents (my PPOR): This year insurance went up by 20%. The year before it went up 15% +Home (Investment): This year went up 18%. Previous year was about 15% increase. +Car Insurance: This year up 11%, last year 10% too. + +In metro Melbourne. No flood or fire risks. Good area with a low crime rate. + +I haven't made any claims. Insurer is Suncorp. I've shopped around, and all the quotes I've got are comparable or higher. + +No posting to whinge. Just wonder how sustainable this is. If insurance costs keep going up 10-20% every year, it will quickly become unaffordable for many people. My Mum for example (single pensioner) struggles to pay all her insurance bills and I end up helping her to pay. +Looking at ways to diversify a portion of my portfolio and unwind a portion of it from a very highly volatile stock market play I have been engaging in the past 15 months or so. What are your top 10 dividend stock picks that gives a stable quarterly dividend? + +Edit: You guys have been very helpful. keep em coming. I'd really like to be diversified and have atleast 10 good dividend paying stocks. +I'm starting to think trading is not for me. In a post I made on here I said that I've been trying to learn how to trade for 2 years now, and I have made zero progress. What frustrates me the most is that I learned all of the theory that goes into trading from Babypips and other resources, but every time when I try to put what I learned into practice my trades never go my way. The same thing goes for strategies that I find online. When I back-test them they seem to work perfectly, but when I forward test them on a demo my results are the complete opposite. Out of all of the skills that I have tried to learn trading is by far the hardest. Normally i'm the type of person who would have an interest in a skill for no more then 2 months, and then move onto something else but trading fx is different. I am "genuinely" trying to learn this skill, but I don't know what i'm doing wrong and I need help. +I am sure yall are forgetting the fact that Bitcoin is the world’s only DECENTRALISED method of payment. +This means that NOBODY has a say in how it is operated or mined. + +We DON’T need a mining or whatever council. This is just yet another attempt by yet another rich person trying to hold influence over Bitcoin. We know the energy use of Bitcoin and it needs no explanation. Either you take it or leave it. The world is messed up because of power plants, cutting of forests, millions of factories and petrol/diesel cars etc not Bitcoin. How about they address that? + +Also, If they don’t like the energy of use Bitcoin, why don’t they choose one the thousands of other Crypto? I personally think that there is a much bigger worry for them other than energy use… +Just launched, very small mcap, possible moonshot! + + +🐋 Orca Balloon - OBN BSC 🎈 🐋 OrcaBalloon is designed to be the most fair reflect token possible by incorporating bot and evil whale countermeasures to prevent buys from suffering loss due to high volatility, price dumps and botting grabbing cheap supply. There is a random TX fee between 2 and 8%, unless a bot is programmed specifically for this coin they will need to set at least 10% slippage where as a human could get in with less after a few attempts. The max TX of 10000 coins prevents holders from getting wrecked by whales dumping and destroying the price. 90% of initial supply is Burnt prior to presale creating large deflationary pressure. We are committed to making this token rugproof and contract will be renounced few hours after PCS listing. 🎈 +Fair launch Reflective Token on BSC. + +Website: https://orcaballoon.com/ + +Contract address: 0xd3Ea1b3264d8C190c6b2648182B2818089aDA5b4 + +DXSale: https://dxsale.app/app/pages/defipresale?saleID=623&chain=BSC + +Buy Link: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd3Ea1b3264d8C190c6b2648182B2818089aDA5b4 + +Telegram: https://t.me/orcaballoonbsc + +Poo Chart: https://poocoin.app/tokens/0xd3Ea1b3264d8C190c6b2648182B2818089aDA5b4 + +Total Supply 1000000.0000 OBN +Soft Cap 5 BNB +Hard Cap 22 BNB +Minimum Contribution 0.05 BNB +Maximum Contribution 0.1 BNB + +MarketCap: https://charts.bogged.finance/?token=0xd3Ea1b3264d8C190c6b2648182B2818089aDA5b4 +Check telegram for more information. +My parents have both recently had to go in to a carehome and we’re looking at options on how to pay for it (it’s a whopping £4500 each per month which pensions don’t cover). + +We’re pretty sure my dad bought shares when he retired but he has no memory of this. So is there a public database or whatever we can search to find out who, if any, he has shares with? +When you continue to buy, HOLD, and DRS shares, that leaves SHF’s less shares to work with as well as less opportunities to close their positions. And as we all know, over 90% of Wall Street is simply computer algorithms trading according to the wills of their masters. + +With GameStop obviously being a prime target for SHF’s, their algorithms are at work to do everything in their power to drive the price of GME down in hopes that longs sell and they can close their short positions with minimal losses. + +But have longs began to crumble and sell? + +Last I checked GameStop’s executives are still on board, the majority of big longs like BlackRock and Vanguard haven’t changed their positions, people keep DRSing their shares every day, and volume indicates that barely anyone in retail is selling; only buying. + +With the confidence and direction of the company and its executives, shareholder loyalty, the incredible DD done on this stock, as well as the awful attempts on the media’s part to try and convince everyone that GameStop is done, I have absolute assurance that the downward price movements we are seeing thus far is nothing but algorithms at work against longs; not genuine price movements. + +The price is wrong. + +EDIT: [Here’s that story in question.](https://www.reddit.com/r/Superstonk/comments/rsaevv/in_march_of_2005_this_guy_bought_100_of_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Are there any small businesses that would be a better investment option long-term than index funds? I don't need the liquidity, but index funds always just seemed so simple WRT time management and taxes. If I were to buy a small business (or businesses) or invest in some real estate, I would definitely hire a manager or property manager. I'm looking for alternative ways to generate a passive income. I can invest up to $1MM. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +The site is [Tendiechart.com](https://www.tendiechart.com/) + +Right now it tracks every option available for stocks in the S&P 500 and is updated hourly. unusual volume hourly also. + +Coming soon: + +Working on adding hourly volume alerts right now. +Saving each unusual volume day so we can see history (10 day maybe) of the performance of unusual options. +Adding more stonks to track. + +Other ideas? +I've only ever sold 2 covered calls which were both tsla weeklies. When that was happening I was a little worried if it went above my strike I have to sell the stocks. But why should I be scared to sell the stocks. + +What I'm wondering is if there is a way you can lose money when selling covered calls. For an example, i buy 100 tsla right now at 762.32 and sell a 780 strike leaps and collect $23000 in premium. If tsla goes to 800 next week and the person exercises I still make the 23000 and also another 1800 from selling the shares at a higher price. + +There has to be a way to lose money selling covered calls but I'm too retarded to figure out how. I can only imagine you can lose money by selling a call for a strike lower than the price you bought at. +# The Good + +No more <1% interest rates, no more management fees, no more discrimination, no more paperwork, and no more long lines. And you can actually beat inflation with passive income and living off of interest. Bonus points because you can do so while being invested in crypto. + +With Defi you can *Be Your Own Bank* and do most things that a financial institution would do without getting discriminated and without paying someone to give you access. In addition, because defi is open-sourced and collaborative, it works like Legos—dapps building on top of one another. This makes defi hyper-efficient unlike traditional finance, which is inherently closed in nature. + +# The Bad + +Banks exist for a reason. It's not easy to 'Be Your Own Bank'. It's not easy to set up all these accounts and manage multiple assets across a number of platforms. And—when I first used it—Defi wasn't very user-friendly at all. Here's what I had to do: + +1. Buy a stablecoin from a centralized exchange +2. Trade the stablecoin for the gas token (ETH for Ethereum, MATIC for Polygon, etc.) +3. Install a Web3 wallet (then for Metamask, you had to manually add the network details) +4. Secure the private key +5. Send token to Web3 wallet (did a test transaction first, as always!) +6. Connect Web3 wallet to the dapps I was using +7. Approve the tokens in the dapp +8. Swap, deposit, and finally do defi things + +It took me 2 hours to set up a Web3 wallet for the first time (takes me 5 mins now). On the early days, you didn't have on-ramps yet for networks like Polygon so the initial onboarding was expensive. I avoided most of the fees by going to BSC first and then bridging to Polygon, which involves extra steps like *buying BNB > sending it to wallet > setting up a bridge dapp > sending BNB from BSC to Polygon > approving the unwrapped BNB > unwrapping the BNB > swapping coins/tokens* + +Another difficulty of being your own bank is that you're solely responsible for managing your assets now. So when crypto crashed in May, I had to manage my positions. I remember being quite frantic, moving all of my assets—spread around multiple dapps—and also rushing to funnel money in to manage my positions. + +Of course, I was never in any REAL danger, *per se.* I think I was ~20% away from paying liquidation fees at that time; but that was pretty much the floor amount of risk that I wanted to be in. Still, if I wasn't actively managing my positions, I would've been punished when the market continued to crash. If I wasn't online--for example, if I was out on vacation--then, quite frankly, I'd be royally f*cked. + +# The Ugly + +A study recently came out that ~50% Liquidity pool (LP) providers using Uniswap were at a net loss while participating in a LP compared to if they just held their assets. This is because of impermanent loss. I reckon, this would also translate to most of Defi at its current state. + +Impermanent loss is a major issue in Defi and also one that newcomers will typically be encounter. And it’s hard to spot also because you aren’t always losing money. Sometimes, you would’ve just been better off putting your money elsewhere. + +I realized this when I was using the SOL-RAY pool while on the Solana ecosystem. This was around July to October when Solana had its run up. LPs are actually great if the market isn’t pumping. I wish I knew this earlier because when Solana did pump, despite earning 70% APY on the LP fees, I was actually down $200 had I just held SOL, which did a 8x while RAY only did a 4x. + +And the current state of Defi is undeniably unsustainable. The way most of it works is that protocols incentivize users with high rates but high rates are only possible with high inflation. High rates will cause high demand, because everyone wants a piece of the pie, and high demands inflates the price. At first, this makes it seem like a good opportunity (because price is rising while rates are high) but eventually, rates will decrease because there’s more users to distribute awards to. And when that happens, users leave. + +The people who benefit from these trends are the people who made it in early, while people left holding the bag get rekt. While I don’t see anything inherently wrong with this—I mean, technically early birds should get the most rewards since they’re the ones who took most of the risks—protocols and users who are late to the party are at the mercy of these nomadic farmers who come and go. Most protocols end up being in no-man’s land after a few months and users always have to be on the move. + +Sticking to the theme of Defi user being farmers, Defi is currently at an era of nomadic pastoralism and needs to adopt sustainable agriculture practices. + + +# Silver Lining + +Defi is young and rapidly changing. Developers and users are aware of the problems and innovation is always seeking to find solutions. + +There’s a movement in the space referred to as Defi 2.0, which revamps the current model in a way that still makes Defi fair and decentralized, while also making protocols less reliant on users who come and go. + +It’s also getting easier to use and a bunch of protocols are being created to broaden the spectrum for those who prefer to have more security (of course, at the expense of trade offs in rewards). + +When in doubt, zoom out. And looking at the world of Defi as we know it today, It’s really only just been 2-3 years. Since then, the Defi ecosystem has grown to an estimated $250B + in total value locked. Imagine what it can accomplish in the next few years. +I am closing on selling my house in upstate New York tomorrow which will net me a $73,000 profit. I’m currently living and working in Northern California with no hope of buying a house again for a year or two minimum. Can anyone give me ideas on what to do with this check tomorrow so I can put this money to work? Thanks!! + +Edit: Wow I didn’t expect this outpouring of support. I’ve been working all day and haven’t had much chance to get in here. I am going to read all these replies carefully and take some notes. Thanks again all! + +P.S. Many, many folks have mentioned capital gains taxes. I lived in the house for the last 4 years and it is the only residence I had and sold so no capital gains taxes. +I’ve been thinking about how GameStop is adding all sorts of new merchandise in various categories. I am a 3D printing and Arduino nerd so it occurred to me. What if GameStop started selling things for the “makers” in us. A lot of 3D printing is used for tabletop gaming or making little nerdy trinkets anyways. And Arduino/RPi is just legos for computer nerds in my opinion. There are very few retailers in the US that sell these. Most people I know (myself included) buy all this from the big ass river company, because that’s pretty much the only place that sells them outside of small niche stores. What do you guys think? + +Edit: *Raspberry Pi (sorry, I’m hungry) +I live in New York just me and my uncle. He broke news to me today that he has been behind on the house taxes for a considerable amount of time (needs to pay the town $20,000 by the end of March). + +He wants me to take out a $20,000 loan in my name to pay it (if im even approved) and promises to pay me back over the next few years. He makes 120,000 a year. I understand he has the ability to pay be back with how much he makes but im still conserned taking this large of a loan out. I am in school and work part time, almost no way for me to pay this back myself. + +He also only owns 50% of the house. His brother owes the other half. His brother lives across the country and has not performed any upkeep or paid any taxes on the house in 10 years. Is there anything we can do about this? + +I really would rather not take out this loan without some advice. If the taxes do not get paid I will be essentially homeless. + +The house is estimated 450,000 and is completely paid off, could selling it be a possibility? + +Any advice is appreciated. + + +**Join the Telegram for 24/7 support -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have!** + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.finance**](https://tacocat.finance/) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) + +\--------------------- + +**PAST WEEK ACHIEVEMENTS** + +\--------------------- + +* **Approaching 12,000 holders** +* **ATH Marketcap of $25 Million** +* **INSANE liquidy stabilized at 33%** +* **1M follower Influencer campaign initiated** +* **10k TacoCat + Exclusive First Merch giveaway** +* **Pancake Swap logo submission** +* **Dev and Marketing AMA on Discord and Telegram completed** +* **CoinGecko listing in six hours after application** + +**Why invest now?** + +\--------------------- + +TacoCat is primed for takeoff, with a brand new influencer campaign, featuring MaddChadd, from Tiktok ([https://www.tiktok.com/@maddchadd](https://www.tiktok.com/@maddchadd)). MaddChadd will be working together with TacoCat to create new media on his TikTok and continue building even more community interaction and cool TacoCat ideas. + +Together with the community, TacoCat is going to begin the implementation of the exclusive TacoCat merch store. TacoCat fans will be able to purchase exclusive and limited time TacoCat merch on the platform, and have community run votes on merch apparel, design, and access. Want to see TacoCat shirts? Hats? Slippers? Come in to the TacoCat community and talk about it! TacoCat wants the community to have a larger say in what you see in the merch store, and where you see it. + +Like the last week, a new weekly roadmap will be presented on Monday, outlining the next week of marketing, growth, potential new partnerships and more community governance! + +Expect much more from this little kitty, as the TacoCat token ecosystem begins to grow! From restaurants, to festivals, to store fronts and even in your home, TacoCat wants to explode on to the scene. From Cryptocurrency to real life merch and function, TacoCat is gearing up for liftoff! + +\--------------------- + +**So what about the Taconomics?** + +These are the fees on every transaction on TacoCat: + +8% to liquidity pool + +1% to holders + +**What does this mean? - Good Liquidity is indictive of a strong pool for stable growth and has cushioning effect on manipulative whale plays. That means whenever someone buys OR sells, holders gain! The liquidity pool is strengthened AND everyone gets a 1% relect.** + +\--------------------- + +**Is it Safe? Can I get rugged?** + +No, because the liquidity of this token has been locked. That means that the dev team cannot access these liquidity for SIX MORE months! And after that, the remaining liquidity is also locked for an ENTIRE YEAR. + +Ownership as been relinquished as well, so the smart contract cannot be altered to include any nefarious functions. + +**BSC SCANS FOR LIQUIDITY LOCK** + +Locked Liquidity + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +\--------------------- + +✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +💵 Purchase on Pancake Swap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +👌🏻 Ownership Renounced 👌🏻 + +\--------------------- + +[**Buy PCS ( set slippage to 9)**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +[**Chart**](https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) **📊** + +**Please DYOR and this is not Financial Advice** +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +[https://www.livemint.com/news/india/new-rules-for-salary-pension-emi-payment-applicable-from-today-details-here-11627535584562.html](https://www.livemint.com/news/india/new-rules-for-salary-pension-emi-payment-applicable-from-today-details-here-11627535584562.html) + +With 24x7 NACH you would get your salary, pension, FD interest credited to your bank a/c even on holidays and weekends. + +Will this step also help investors receive mutual fund redemption amount any faster? If T+X falls on a weekend or bank holiday, will the AMC now transfer the redemption amount using 24x7 NACH even on a bank holiday or weekend, or do we still have to wait for banks to open to get the redemption amount? + +Does anyone have clarity on this? +I am not going to reveal how my algorithm works, but an important point is that I do not use arbitration. + +I've been working on my algorithm for the past 6 or so months. After many failures, I finally have something that works consistently. + +But I realized the output is different than I expected. + +You see, I assumed I somehow would be filtering out most stocks with negative returns, and would be left over with mostly positive results. + +I have found this instead: on average, the number of positive and negative stocks are close to equal. Instead, my algorithm finds stocks that are more likely to jump up a high percentage and less likely to fall drastically. + +What ends up happening is that out of around a hundred stocks, a few lucky ones skyrocket. Their increase in value usually more than compensates any minor losses from the other stocks. + +Now that the main portion of the algorithm is established, I am spending more time trying to fine-tune it at finding more of these "top gainers". + +It reminds me of how angle investors invest in dozens of startups, hoping one of them might be a unicorn, compensating for the loss of all the other investments. Except for me it's on a short time frame and the search is automated. +It's being tossed around too loosely. No, you can't run high-frequency algorithms from your home. No, it isn't high-frequency if you're trading on Quantopian, either. Yes, it is a subset of algorithmic trading, and no, it's not a system you 'turn on' and leave on overnight. And please, stop limiting yourself to HFT with your 'Want to break into HFT' posts. + +HFT is the algorithmic execution of trading strategies to capture edge over extremely small periods of time. Some trades require you to be fast in order to capture edge. Solution? You be fast. Colocate. Microwave towers. FPGAs. Kernel modifications on your trading system. Anything to shave off the extra microsecond. Huh, that sounds strangely engineering-focused. _Because it is_. If that's your cup of tea, by all means. But please, HFT is neither a strategy nor a career-choice. It's simply a way of executing trades. + +Truth is, there really is no unanimous definition for HFT. We only know what it's _not_, and what its characteristics are: short holding periods, large volumes and small profits per trade. So let's try to have an open discussion on what you think it is, and if you're working in the field, what you do on a daily basis. + +Some topics to go off of: + +* Decision-making in low latency conditions: trading off having a smarter model to cutting down computation time +* Market impact of HFT activity: what are you comments on volatility, spreads, liquidity and fairness? +* What's your stance on predatory high-frequency activity? For example, flash orders. +* Do you think HFT activity should be limited, and if so, how? How would this affect the overall market? +Apologies for the morbid post, I’ll try to keep it brief. I’m looking for advice on how to manage a personal crisis while trying to hang on to my fatfire job I’ve worked my whole life to get into. + +I work for a big tech company in a highly specialized/technical role that requires a good bit of brainpower and effort in order to produce output/results. + +Unfortunately due to personal reasons related to grief and loss and a family member who was recently diagnosed with a terminal illness and given 1-3 months to live I’m scrambling to figure out how to take time away from work to focus on my personal life. + +I can take PTO but to be honest I’m thinking I may need to take a few weeks away from work, maybe even a month or two. + +I’ve never even taken a sick day so I don’t even know where to begin. + +Does short term disability cover depression/grief? Can I be fired for that? Should I just work remotely and try to ride this out? + +Sorry to be so morbid my head is unclear right now and I’m trying to make sure I hedge a bit and do things the right way if there is a right way. +I posted this in /r/unitedkingdom but would be interested on the UKPF take on the article. + +[Link](https://www.bbc.co.uk/bbcthree/article/5495f587-974f-4ea9-99c1-1917433c7b42) +I am in my young 20’s and have an excess of $1400 a month after all my living expenses, 10% 401k contribution from myself and 5% match from company, and maxing out a Roth IRA. I am currently single but do plan on trying to have kids some day. +I am dead set on a Toyota Tacoma but the prices are insane. I don’t see them coming down in the near future (my car is on its last leg as well). I plan on driving the Tacoma until I can hopefully pass it on to my kid some day. + +Is it unwise for me to look at a Tacoma (the one I like would be about 39k after taxes) with 20k down (what I’ll have saved by summer) and getting a rate at 2.75% for 48 months? That puts my monthly payment about $418 a month. I would also like to pay it off early if possible, I was hoping two years but think it could put a strain on my monthly disposable income. I do have aspirations of buying a house in the next five years. Also to note I have good job security. + +Thank you for the help in advance! +&#x200B; + +https://preview.redd.it/qrbom6w9ihd81.png?width=600&format=png&auto=webp&s=b65b601121f82a0d1753759cdec78d9c51963dd7 + +In case you have not seen ["The Big Short"](https://www.youtube.com/watch?v=c14vfq3jqpo) yet. + +&#x200B; + +I just duckduckgoed "XRT short interest", because I wanted to create a stupid meme to raise the moral of the troops. + +Take a look at these 2 articles: + +[https://www.etf.com/sections/features/9365-xrt-why-its-600-short-and-thats-ok.html?nopaging=1](https://www.etf.com/sections/features/9365-xrt-why-its-600-short-and-thats-ok.html?nopaging=1) + +[https://www.cloudquant.com/xrt-the-big-short/](https://www.cloudquant.com/xrt-the-big-short/) + +Are we missing something obvious? I mean, they are implicitly confessing to rehypothecation, the creation of synthetics etc. + +What are we missing? I can not be the only one, who is irritated. Hopefully. +There seems to be an assumption that every dip is people panick selling and giving up on crypto, when in reality it's mostly just traders taking advantage of the opportunity to sell and buy more at a lower price point. +I was talking the other day with a senior exec from a more traditional HF and he was mentioning how people had different definitions of what a quant is. + +What do you guys think? Where do you draw the line? Do you consider yourself to be a quant? +As someone who’s investing monthly I found a quick and simple trick to be able to invest more. + +Usually I paid all my expenses when I got my paycheck and I usually waited around 20 days from when I got my paycheck to the day that I invest my money. + +In November I decided that I want to change my approach and now the first thing I do when I get my paycheck is invest before paying any expenses whatsoever and every month I push myself to invest a little bit more. Now I’m able to invest between 40-50% then was I was used to do before without it affecting my life whatsoever because I simply spent less on shit I don’t really need. + +My main area where I save money are junk food, clothes and video games. I kinda consider now investing a monthly expense which I have to pay (I know that it might sound terrible put in this way but I realistically didn’t see a damn difference in my life except a fact that I’m able to save and invest more money. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +We need a $0 brokerage cost platform. The biggest barrier to investing for most people is the 10-20$ brokerage. + +Most of us don't have 100k laying around to just throw in the market - we need to buy stocks slowly ie put in 100-200 every week or so to build a position and a portfolio. + +Even Selfwealth which is $9.5 and the ASX_bets popular choice is pretty steep when you're comparing it some of the $0 brokerage platforms the U.S has... + +Is there a possibility for $0 brokerage platforms for ASX stocks? +Genuine curiosity here and thought it worth posting as any discussion may help others that are as retarded as me... + +Since coming on board here I've gotten familiar with the concept of free-carrying. As I understand it and by way of example: + +\- I buy $10k at 10c (100k shares) + +\- sp goes to 20c (holding value doubled to $20k) + +\- to free-carry, sell 50k shares (gets original $10k back) and 'carry' the remaining 50k shares for "free" + +Where this comes undone for me is that CGT applies and so technically more than half would need to be sold in to profit - enough to offset the CGT (assuming getting back your original investment is how free-carrying is defined). + +So I get it, it sure as hell works and well done to anyone who's holdings gain enough to do this, but the half sell / half hold ratio looks off to me. If I put $10k in, I would take free-carrying to mean I get $10k back AFTER tax and hold whatever's left. + +PS: What I can't wrap my head around is how people sell for a small profit (sp has gone up x cents) then look to buy back in if it pulls back a few cents again - taking the view that they've just increased their holding. + +Taking my example (sucks to be on highest tax rate), if I buy $10k of stocks then sell at $11k, I can't put $11k back in to a buy order without ignoring the tax liability. A number of people here seem to operate this way regularly and assuming they make good trades and keep repeating the tactic, isn't this a case of digging yourself in to a hole re EOFY and CGT coming due? Better to just make those gains and worry about tax later......? I couldn't do it... + +Disclaimer: not in any way a criticism of anyones approach, but important considerations for me and maybe others... +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +... will mean that it will have a market cap of $16.4 billion. Just for reference, Qantas’ market cap is $7.4B + +So Melvin thinks BRN will be twice as big as Qantas in 3-5 years. His justification? Intel’s SP is $50 whereas BRN’s is $0.50.... without realizing you can’t compare share prices without considering how many shares are issued +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Today I was offered a job making over 29k what I make now. It's a 10hr shift, but five minutes from my apartment and daycare (literally right between the two). I wasn't looking for a new job, but the shop owner reached out to me and I figured I'd interview and see how it went. + +I interviewed on Tuesday and got the offer today. I accepted it almost immediately. The environment is much healthier than where I'm at now and more understanding of me having a kid. My current boss said he felt "taken advantage of" when my daughter had COVID and I had to miss two weeks of work, and his reaction to me giving my notice was childish at best ("how could you do this to me, I've done so much for you" ie he paid me when my daughter had COVID but not when I had it and missed 5 days. He also didn't speak to me the rest of the day) + +Last month I was experiencing suicidal thoughts, and I know that if I didn't have my daughter, I would have given in. + +Since I got home from work I've been trying to figure out what this feeling is, and I think it's relief. In two weeks I won't have to worry about how I'm going to pay rent or afford daycare. I won't have to hope that the local food bank has diapers in my daughters size. I can eat dinner with my daughter instead of opting for cereal so she can have a full meal. + +I am in disbelief. + +My goal for this year was to start paying off my debt, and I was ready to use my tax refund for that. I still can and still will, but it won't feel so impossible and one day I'll be able to give my daughter her own bedroom and get out of this ant infested one bedroom apartment. Eventually the endless collection calls will stop. Eventually I won't feel like I'm constantly drowning. + +Any tips on how to budget would be greatly appreciated. I've always had hourly jobs, so salary is new to me. I've also never had even close to enough to pay my bills and have more than $20 left over (on a good week). +these stream wars are interesting. How much value are lesser players (to NFLX) expecting to extract from the market? + +" The streaming media business is tough. Disney, which has a 30 percent stake [Hulu, ](https://crunchbase.com/organization/hulu) saw losses of $580 million last fiscal year, [according to an SEC filing](https://www.sec.gov/Archives/edgar/data/1001039/000100103919000053/fy2019_q2xreportingxchange.htm). + +This was, the SEC filing states, “primarily due to a higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech in the prior year.” + +&#x200B; + +&#x200B; + +[https://techcrunch.com/2019/01/20/thanks-to-hulu-disney-lost-580-million-last-fiscal-year/](https://techcrunch.com/2019/01/20/thanks-to-hulu-disney-lost-580-million-last-fiscal-year/) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Job searching is hard, but when you have no address, finding a legitimate job is impossible - employers legally can't employ you if you have no address to send your payment to. Your local DHS (or similar welfare or state human resources building) will often allow you to have a 'po box' for free there, so long as you come by once a week every week to clear it out. This can help you get back on your feet, even if you have no place to go. + +EDIT: If your local Department Of Human Services does not offer this service, you can inquire at your local post office, church, or homeless shelter about these services. + +EDIT 2: DHS stands for Department of Human Services where I'm from, lmao. Do not contact the Department of Homeland Security looking for p.o. boxes! + +EDIT 3: Okay, your state calls it something else, I get it. Call the people who handle your food stamps/wic/medical assistance stuff. + +I remember my first job out of school. During lunch I was sitting with some colleagues and I expressed my desire to retire at 40-45. + +They scoffed at me and said, "Haha that's not happening buddy unless you win the lottery!" + +I am 33 now and even the most negative projections (e.g. 4% growth) would still allow me to retire at 40. +After I heard this Planet Money podcast, I deleted the DOW from my stock app. I had *no idea* how useless an index it is. I knew that it tracks a relatively small number of companies (30), but I didn't know that they are represented in the index by share price ignoring market cap. One company going up a point might be 10x the percent impact compared to another company going up a point, but in the DOW a point just counts as a point? Really? Wow. Podcast worth listening to: http://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype +Would you/do you charge them a token rate just to get them used to regular financial commitments? + +Would you/do you charge them nothing at all as long as they’re sensible with their money? Or would you/do you charge them nothing and not care what they do with their money? + +Would you/do you charge them the market rate for rooms in your area? + +Would it depend on what they’re earning or how old they are? + +Interested in your opinions...(I don’t have kids as a disclaimer). +I was trying out the new google ethereum explorer tools ([bigquery.cloud.google.com](https://bigquery.cloud.google.com)) and looked at the Top Transactions From yesterday. + +The top 3 were: + +1. **465,134 ETH** TXID: 0x22be9ef74194debad1ca6dbf00b24f45c81726d19e6f29e0d785f294221ef619 +2. **463,621 ETH** TXID: 0xd3f10defa4f0cdacccc78a7d00a5f05995f8fa6887e0c8c4225e2acfd931e233 +3. **53,957 ETH** TXID: 0x12c37159428a51299ea854f8794f5b0acbaba04232cddbd3b3d24f9e2af0ead5 +4. **53,957 ETH** TXID: 0xc43ad8fd01c20d11da869a7bf18dee1482da021a58d202c6f4ed7b152678499e + +These transactions all look related. It seems like 463,000 ETH gets shuffled to the DigixDAOMultisig Wallet in the first two transactions. An internal transaction ([0x29076b8ee9524bcc851c468a17a0c63b30173c8f0cb3d3141ceaad5a7c1967cd](https://etherscan.io/tx/0x29076b8ee9524bcc851c468a17a0c63b30173c8f0cb3d3141ceaad5a7c1967cd)) then occurs from the multisig to transfer **69,702 ETH** to [0x7b58d082fe21e142d7ac67aa944bc1498a781c29](https://etherscan.io/address/0x7b58d082fe21e142d7ac67aa944bc1498a781c29) which then transfers **53,957 ETH** to [0x262db8f3e73d566031f32231af940547972cf633](https://etherscan.io/address/0x262db8f3e73d566031f32231af940547972cf633) (transaction 3). This ETH is then moved again to a **Gemini** wallet in Transaction 4. + +The result is the DigixDAOMultisig [0x75ba02c5baf9cc3e9fe01c51df3cb1437e8690d4](https://etherscan.io/address/0x75ba02c5baf9cc3e9fe01c51df3cb1437e8690d4) is left with **395,432 ETH.** + +I'm only vaguely familiar Digix, is this funds from their crowdsale that they are selling or is this part of their minting process for Gold Backed tokens? + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Reposting: *the other post got removed because it had the word "moon". Thanks!* + +Hi Folks, + +Has anyone been able to successfully find a way to live on passive income through crypto? I'm dreaming one day, to be able to financially comfortable to live off from crypto interests... + +So, I don't want to dream anymore and want to try to draft a plan to potentially have a moonshot at it... + +My target will be a minimum of $500 and anything achieved over $1000 would be a blessing to me on a monthly basis... + +Anyone who has successfully or who is currently living this dream willing to share how, please? + +- What's investment amount are we looking for to have a shot on the above ? +- Which optimun platform and effective ways one would require to yield such returns ? +- Is this feasible ? +- In terms of risk metrics, I don't want crazy stuffs with crazy apr/apy but something really feasible with some work and luck obviously... + +I guess it will be a big amount but at least I'll be grateful if someone can elaborate further and guide me and the others interested through it... + +Thanks in advance for your contributions and time. Sharing is caring ❤ + +Peace and goodluck to everyone 🙏🏼 +On this momentous occasion, congratulations go to SHFs, MMs, banks, shadow banks, FINRA, the DTCC and the SEC for not enforcing its own rules. + +The 1% would also like to give these prominent institutions much deserved accolades for supporting & enabling their opulent way of life. + +https://us.transparency.org/news/new-index-ranks-us-1-in-offering-financial-secrecy-to-the-criminal-and-corrupt/ +I realize I've been doing it all wrong by staying at my current Finance industry role for 7 years. Being about 3-6 years away from FIRE, here is what I am going to do starting now and how I should have been doing it for the last few years. + +Switch companies ever 2-3 years. Do this 2-3 times until I retire. It is so obvious now, but I didn't see it before. + +1) Next company will give a sign on cash bonus equivalent to my unvested options. That is massive as you get higher up. My unvested number currently is only 90k but at my next role it will be 150k per year which after a few years will be a nice 300-450k lump sum cash payment at the next job hop. Vs never seeing the money if you just retire early. In fact, make sure you hop one last time before retirement and work at the last place for only a year or two so you don't quit with too much accrued unvested options. + +2) finance can be a tough work life balance. The mandatory 60-90 days of fully paid "garden leave" / notice period is amazing. They basically kick you out if the office the day you put in your notice and tell you to stay home and not work. You get paid fully to take a sabbatical. The fact that I haven't taken advantage of this every 2-3 years and instead have burned out is idiotic. + +3) the obvious pay bumps you get when switching jobs. At mid-senior levels we are talking 100-250k incremental per move. At senior levels could be 500k+. + +4) OK this is trifling but I love getting paid out for vacation days while getting garden leave anyway. It is such a pleasant double dip. + +5) freeing up of 401k funds. Instead of investing in a shitty limited set of funds I can move all my accrued 401k funds to my Ira and have much more discretion over my investments. Really nice since I was running out of Ira funds to allocate to my tax inefficient investments. + +The combination of more money and free sabbaticals (eg free test runs of FIRE) is fantastic. I'm kicking myself for being heads down and not taking advantage of this earlier. + +Not sure if garden leave and option buy outs apply to other industries like tech. It feels like the garden leave policy might be unique to Finance in the US and as such, is a really special benefit FIRE-aspirers should take advantage of if possible. +I know it's considered a bad way to think. + +Being a kid was fun, school was fun, university was fun, but work life is just wasteful. I can't function if 8 hours every day + time for commuting + time for other preparation are taken away from me. I can keep my evenings more productive if I drink coffee, but then I don't get enough sleep and lose some evenings entirely to catch up on sleep. + +I find it hard to do anything I really want to and when I do it feels rushed because I know there's a deadline. I do a good job of staying focused on the right things mentally, but it still has an impact. For example if I go out drinking with friends, at the end of the might people say "better get home bevause I have to work tomorrow", they don't say "I'm satisfied with my time here". + +So much time is taken away for work and for tasks surrounding work that there's just a margin left at the end. A big chunkbof that gets taken by errands. A chunk of what's left is taken away by occasional social obligations. And the rest is at a time when you're fed up with the rest, you're either tired or your body fights you in some other way. + +The mentality of "life hasn't started yet" can stick with you your whole life and then you can die having wasted it, but I still feel that way as long as I am working a day job. + +The alternative is to just quit and find a way to live near-homeless. I probably should do that but I don't like the strong social stigma against it, and breaking that to family would betray them and make life difficult. + +That's a heavy motivation for FIRE for me, that life hasn't started yet, or at least it's on hold until. +Long time reader, throwaway account for anonymity. Thank you for all the wonderful information in this sub, I've been digesting over the past few years and really dug in the past couple months. + +Sold my business netting \~$5.0m after taxes. Never grew up with money or access, so after much research I set up the following portfolio (Schwab): + +|ticker|description|$|%| +|:-|:-|:-|:-| +|SCHX|US Large Cap ETF|2250k|45%| +|SCHA|US Small Cap ETF|750k|15%| +|SCHF|International Large ETF|600k|12%| +|SCHE|Emerging Markets ETF|250k|5%| +|SCHC|Intl Small Cap ETF|150k|3%| +|SCHH|US REIT ETF|250k|5%| +|SCHZ|US Aggregate Bond ETF|375k|7.5%| +|CMF|California Muni Bond ETF|375k|7.5%| + +Don't own any property, so included REIT ETF for some additional exposure/diversification. Live in California in the highest tax bracket, so CA Munis to reduce tax impact but holding treasuries/corporates (SCHZ) for diversification. + +Yearly spend is $75k ($50k rent in Bay Area!) and have a year of expenses in cash. \~10 years of living expenses in bonds to provide a cushion in case of an equity decline and I need to withdraw from the portfolio before they recover. + +Still deciding if I'm going to call it (probably need more for a fat retirement in the Bay Area), but it's nice to know I have the option after many years in the salt mines. I can obviously move to LCOL to live it large (still thinking about this with the family). + +Questions: + +1. Any feedback on approach/strategy? +2. Worthwhile to hire a wealth manager? I've spoken to a few from recommendations in my network and have heard several pitches with a couple folks suggesting private deals to trade off liquidity for higher return. I'm unconvinced it's worth the heavy fees (0.8-1% of AUM) and think I'll continue sticking with my fee-only planner, but am worried I'm leaving stuff on the table. + +Thank you! +Like the title says... I don't trade, just hold, but I wanna get a bit into trading using a very small part of my portfolio (1% or less) + +I don't want to become a day trader or anything, but if I'm gonna do this little experiment, I wanna do it the right way. Can you guys recommend some solid guides on the fundamentals? Something to get me going in the right direction. + +Also... are gains made from crypto to crypto trades taxable? + +Thanks in advance for any input +&#x200B; + +**Filed back in April,** **SR-NSCC-2021-005 , now finally getting approved on accelerated basis.** +**Can any wrinkled brain please take a look at this.** + +**https://www.sec.gov/rules/sro/nscc/2021/34-92640.pdf** + +&#x200B; + +https://preview.redd.it/a9ypcii08yg71.jpg?width=774&format=pjpg&auto=webp&s=530b11fd870992c52ffe46900fe728d23a045a6a + +**Summary:** + + ''Based on its regular reviews, NSCC states it has found that Members with Required Fund Deposits below $250,000 disproportionately experience repeat backtesting deficiencies because, should the Member’s settlement activity abruptly increase, the additional exposure to NSCC would not be mitigated until the collection of the Required Fund Deposit either intraday or on the next business day. 21 NSCC states it has also found that its current minimum margin requirement of $10,000 is disproportionately lower than the minimum margin requirements of other CCPs that clear similar securities products.22 Therefore, NSCC proposes to increase its minimum Required Fund Deposit from $10,000 to $250,000. '' +The wife and I previously rationed ourselves to one "big" holiday a year, and by "big", we meant one £3,000 ($4,000) trip all in. We booked a trip to a specialist resort in Jamaica this year, and had started planning a trip to South America for next year. However, the trip to Jamaica was so incredible and we had such an amazing time that we've decided to make it an annual thing. However while normally we'd make that our "big trip", we also enjoy the travelling the "big trip" budget allowed us, and we don't want to lose that in exchange for the Jamaica trips, so we've decided to up our travel budget and go to Jamaica each year while sticking with the previous travel budget we had. Sure it costs more, but we had such a fantastic time there (the reasons why are probably best for another thread so as not to distract, but it was very "us", shall we say) that the additional cost, and therefore pushout of FI, is worth it. + +So for you all, is there a thing, hobby, activity or anything that is expensive and generally considered anti-FI that you do, because you feel the benefit or enjoyment is worth the expense? A fancy car? Nice holidays? Big house etc? +Guys I have been investing in dividend stocks for a while and when I started I did what I guess a lot of people do and chase the high yield. I have AT&T, Altria and Reality income to name a few. These are all great stocks and I would not sell them but now I'm always looking for a bit more of a mixture of dividend and growth. I now have companies like broadcom and Cisco that do not pay massive dividends ( around 3%) but I feel have good growth potential. I also feel that a growth company can also increase its dividend faster. What do you guys think and what dividend/growth companies do you recommend? +SCHD - 30% +QYLD - 15% +MAIN - 10% +CSWC - 10% +MSFT - 10% +NUSI - 12.5% +JEPI - 12.5% + +Looking for advice on what to remove, if something else should be added, allocation percentage, etc! +1 - People say that crypto is a way to stay away from banks/government and protect your wealth, however what we are seeing right now are exchanges preventing people from making withdrawals. I understand that you can use a cold storage to protect your crypto, just as you can use paper cash to protect your cash. But at some point you will need to make a transfer and use an exchange or a bank and your crypto or money can be locked out. What is the difference then? + +2 - People say that CBDCs will give more power to governemnts. In most countries if you get your social security or similar blocked by the governemnt you can't do anything in the financial system, so I believe governments already have all the power they need to block your financial life. And I would rather put my money on a CBDC than on a project such as Terraluna or similar. What's the advantage of crypto or stablecoins here? + +3 - Transactions fees are enourmous for Bitcoin and Etherium, sometimes even more expensive than using a traditional bank. Fintechs can offer international transfers, regardless of the amount being transferred for a flat fee. What's the advantage of crypto in this regard? + +4 - Store of value. Nothing with the extreme volatily of Bitcoin, Etherium, etc can be considered a good store of value. A store of value implies low volatility and an asset that at least keep up with inflation. I often see people comparing the rise of Bitcoin price vs the loss of value of the US dollar and other currencies. This is a fallacy. Bitcoin gained value since its invention but it doesn't mean that if you bought it a month ago as a store of value it did its job. Crypto in general are looking more like shares than a store of value. It goes up and it goes down, to make money you either time it right or hold it for decades. What am I missing here? + +5 - Exchanges get hacked or go bust and there is no one to turn to to have your crypto back. With banks the government guarantees up to a certain amount of your cash if the bank goes under. + +--- + +I'm very sincere with my questions and I really would like to hear good and adult counter arguments. + +Cheers +This is only a random thought, but I'd appreciate if someone can shed some light on this regard. + +Vanguard and Blackrock control 6.56 and 6.01% of AAPL through ETFs/Mutual Funds. I presume they can exert a good degree of influence over Tim Cook and draft proposals for meetings. But what about Berkshire, controlling only 2.50%? Or the Bank of New York Mellon Corporation, with a measly 1.02%? +Posted this in the Moronic Monday thread, but seems like it doesn’t get a lot of traffic. Can someone help me understand 401k math and an employer offering a 5% match? My husband has a new job offer and I work in education so 401ks are new to me! + +If the employer is offering a 5% match, what exactly does that mean? They match 5% of what my contribution is? So if we put $100 into the 401k, they’d give $5 so we are really contributing $105 each month? + +The max contribution is $19,500 a year, or $1625 per month. Not saying we can afford that, but if we contributed that much each month, the employer would contribute $81? Am I doing the math/contribution correct? +Hello everyone. I was hoping to ask for some advice please. + +I have worked a minimum wage job for 8 years. I live with family members and pay them rent of $125 out of my paycheck every two weeks. I own no car, instead I use public transportation to get to and from my job and nothing else. + +I realize that my job will not be enough to survive in case of a family tragedy. But getting a second job is impossible because I look after my cousin on weekends. + +All I have is a high school diploma, that's it. College is a no go, because I don't want to spend the next 40 years of my life paying off debt. Yes, I know I'm stubbing my foot over this. + +I'm two years away from becoming 30 and no retirement plan in sight. Any advice you can offer me please? + +Edit: I apologize about this in advance, but I'm a girl. +Hello r/personalfinance! + +If I'm being honest, I'm not really sure where the best place to go to post or ask for this kind of help. I saw some similar posts through google where people asked for advice, so I figure it may be alright. + +In any case.. I'm feeling a bit lost on what to do. Here's a little bit of backstory of what happened to me: + +Fresh 18, started to go to CU Boulder for a dual Chemistry and Studio Arts degree. I really didn't know what I wanted to do. Parents were pressuring for me to pursue something that wasn't art. I had some pretty extreme depression too. Ended up dropping in the 3rd(?) semester, where I went through many terrible years of relationships and self deprecating, "I'll just become something useful to this guy and he can keep me alive." Moved all over the place, never really went back home at all, didn't think it was an option because I felt like I had failed my parents.. never worked until 20, got my drivers license at 21. Broke up from that 3 year relationship, to go into another one. A lot more stable, but still struggling with depression/trauma of being with the prior. Moved in with new relationship, got a full time job as a manager (kept for 3-4 years), but not really much else in developing my life. Even though I was in a better place, I couldn't bring myself to pursue for any better. Went on for 4 years but ended up breaking up with him recently, unfortunately. I'm still living with him and he agreed to let me stay until I was ready to go, but I obviously need to start thinking about the next step. + +Through all that time, I never had any motivation to improve myself, but I want to be able to try and change my life for myself. I just recently got my first credit card to try and build some credit too, but I'm not sure what else I need to do or how to go about doing any of this. I have about 5k saved up at the moment. Still living with my ex for about 400$ per month for rent. I have a job that pays 18.00$ a hour at the moment. I have no 401k set up, or any investments either. I do have a fully paid off car. I'd like to be able to move out of this city, or really this state at this point, but being on my own is really frightening, especially because I don't know what I'm doing. I can't move back in with my parents. I don't really want to trouble them after all the years I haven't seen them, and especially because both are suffering from cancer and I still have no face to see them.. I've lived my entire life depending on people and I'm just not sure how to go from here. I feel like I'm on a ticking time bomb because I don't know how long I can stay living with my ex. + +From what I'm understanding so far, I should go to CC then transfer into a university. The credits I had when I was going to CU are probably gone now, right (2012-2013)? How do I go about doing that? How can FAFSA help me at this point too? I'm not sure how I'm going to be able to move out, find a new job that's enough to pay for rent on my own, while also attending college. I'm also not even sure where I should go either. I want to pursue art again. And the job security in doing that is very difficult and filled with uncertainties. I'd really like to move out of state into a nicer art school but I don't think it's an option at this point because it's way too expensive. I could instead go back into something more.. practical.. but I don't know if it'll make me happy in the long run. I'm just not sure what my first steps or what the smartest thing to do is. Thank you for reading. + +Edit: oh god i didn't expect this much traction.. I'm at work currently and will read these in more detail.. thanks so much everyone. + +To help clarify a little,, I'd like to go into graphic design or something more "practical", I just wanted to be in the art industry somehow. + +edit 2: + +There is an overwhelming amount of you and it's practically impossible to be able to respond to each and every one of you. I just want to say I'm really thankful for everyones contribution to.. just some struggling stranger on the internet. Granted, I'm also just a stranger talking out on here too haha. + +I'm going to try and break down what I've gotten so far from everybody: + +\- A lot of consensus it seems was to amend with my parents firstly. [I explain a bit of it here if you guys are interested.](https://www.reddit.com/r/personalfinance/comments/m9zzb5/im_25_trying_to_start_my_life_over_and_i_want_to/grrku84?utm_source=share&utm_medium=web2x&context=3) tl;dr of it is that I'm on better terms with my mom and I have the potential to move back, just that I'd have to go under full quarantine. + +\- There was a lot of you that flat up shared your experiences with me, and to that, I'm thankful for each and every one of you. It really does help put into perspective that .. there is a way out of many problems and scenarios. And that 25 isnt too late either, and that there are others that even started later than me. Thank you guys. It really was nice to be able to read everyone's experiences like that.. + +\- A lot more too was to not to go directly into art and to consider another major. And trust me I have.. this debate is kind of what got me here in the first place. I think my dream job would be able to do graphic design or video game character illustrations, but if I had to pick something more practical, I had always wanted to become a RN, or get into IT in someway too. And it's not that I don't feel like im not capable of doing either. I guess it's just a matter of.. financial security vs chasing dreams that I get really caught up in. I'm ultimately still working on that. I just know I do want to be able to commit to something to better my life in some way. Be it financial security or something that makes my life feel more fulfilling. And I'll work hard to improve my craft in either shape or form it takes. + +\- I'm glad to hear that my college credits are still applicable. Though I did flunk a semester and I think I withdrew from the 3rd, but my 1st semester I think I did have passing credits. I'll take what I get. I'll definitely be applying to FAFSA too to just get an idea(?). I'm not sure if I'm required to take the loans immediately or something but I'll do some more research into it. + +\- There were some options for military.. I don't know if military is something I'm personally wanting to pursue, but I will keep it in mind.. + +\- Some of you emphasized putting more focus on myself than going to college. And yeah, I was firstly wanting to make steps in moving out of where I am with my ex (though amicable, I don't think he would want me to stay forever either, it is his house under his mortgage.) I was just having trouble.. putting into priority of where to go move first, and going from there. On how to save money to be able to support myself through college, etc., + +&#x200B; + +Again, thank you all for your kind comments and POVs. I will be continuing to read through everyones comments, even though they're difficult for me to reply to.. all of them.. +I have recently reached out to a SEBI registered investment advisor. He has shared a letter of engagement, post that he will analyse the data I share and come up with a plan. + +He operates in both fee only and fee based models, he charges 50% more for fee only, and he is recommending for fee based, reason he said is he needs to do a lot of extra work regarding Audit and reporting to SEBI, he said I'm free to buy his recommended options directly that will save cost for both of us. Is this a fair deal or there could be something hidden? + +Also the letter of engagement states "We reserve the right to amend the offerings, terms & conditions and other details without prior intimation.", I will be requesting to remove this from T&C. I'm assuming this is a fair ask. + +Finally I would like to know if there are some redflags which I should try to seek/ get clarified before getting into this engagement. + +Thank-you in advance for replies. +> Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. + + + +https://www.moneycontrol.com/news/business/anil-agarwal-set-to-delist-vedanta-from-domestic-bourses-5257521.html +I swear to god, the GMEAnon futzes LOVE to say. “This stock is going to hit X price on Y date because of Z calculation, so long as the mark is above [arbitrary number] at market close.” +Does no one remember what happened the week after RobinHood banned buying of GME? Seriously. There was this mass belief among those of us long on GME (and I should know, I believed in it) that SO LONG as the ticker closed above $320 on Friday, we would wake up Monday morning to the squeeze of all short squeezes. + + +And Monday morning in pre-market and all during the day we look at the stock, and lo and behold, the MOASS happened, and every single person who ever bought GME sold it for a price greater than $1000, and world peace was realized because the wealth had been redistributed through the markets for the first time in history. + + +No. It began the fall down to $40, which it finally hit towards the end of the month. Sure, it’s back above $100 per share, but that date was wrong and dangerous and a lot of people lost a lot of money. + + +Look, I’m long on GME. I believe there’s a possibility of a short squeeze. But the cultier the message becomes, the more ANGRY people are that other tickers are mentioned: + + +>RKT is just a hedge fund attempt to distract people from GME, just like SLV was. + + +That’s a great point, buddy. Say, have you looked at their charts? Do you understand the fundamental difference between the mortgage industry and a ticker that purports to be backed by actual silver but isn’t? + + +Oh, and let’s talk about the gross overestimation of WSB’s power. It is literally impossible for this subreddit to P*mp and D*mp. Every good trade, every time a ticker pops off, it is because of institutional power and pressure and market conditions. When people make money off of these things, it’s because they’re riding that train, not conducting it. No P*mp and D*mps are baked into the rules. Do you not trust u/zjz? What’s wrong with you. The market cap on tickers mentioned here has to be above a certain number to explicitly prevent p*mping and d*mping. +Don’t believe me? + + +Why isn’t PLTR at 50 then? No, seriously, why has it never hit $50 per share. They had a great earning last week. All over the subreddit people said it would hit $50. + + +In fact, if WSB is so damn important and powerful, how come GME spent almost an entire month below $60 per share in February? + + +Today could be a very good day. It could also be a very bad day- for whatever tickers you are invested in. + + +There are lots of great reasons to be long in GME outside of a potential short squeeze, and I personally think the stock is undervalued until it reaches a price of close to $200 per share, but I also think it will be incredibly volatile before that. + + +I also think it won’t earn that price target organically for two to three years. I think Ryan Cohen can successfully transform the company, and that’s why I’m long on GME. + + +So, rather than convincing yourselves that you know everything, that it’s all going to work out in a specific way at a certain date because of THIS INFORMATION, why don’t you relish in the fact that you don’t know. Because I certainly don’t. I don’t know anything. I’m a fucking idiot who makes financial decisions based off of gut feelings and the things I’ve read on a subreddit filled with other idiots. And that’s beautiful all on it’s own. +I've been selling weekly CSP on Mondays and they expire on Friday. Occasionally, I will go out two weeks but there can be so much price change over the weekend, I find it less stress to take off the risk and not be in the market over the weekend. + +I've recently seen a few recent posts by people saying they sell their weekly CSP on Friday or other days and I'm trying to figure out if that is better somehow. I understand one more day is more theta for the premium but the potential change over the weekend makes me concerned. I will trade on Friday to close out positions or for CC if I need to roll out to a later date but other than that, not usually a Friday trader. + +Thoughts? +After a long time of Swing trading and scalping it's just too much maintenance and too much emotional trouble. I'm going completely Theta gang and only shorting premiums on SPY. + +I've read a lot of books like trading in the Zone by Mark Douglas and watch many YouTube videos. + +To all those wonderful veterans on this sub what advice has kept you profitable in the long run? + +My strategy is modeling support resistance and shorting daily one SD away put or call. Small ball but it's all I have time for with my work schedule. +EDIT: Please take the time to read all of my comments. Aside from the arguing about what I have and/or what I "am lying about", I've answered all of the real questions that people had. Hopefully you can get some insight into how this all works. I don't get the hostility. It seems everybody is focused on the "***Covid aside, why is it that I keep on winning?"*** part of my post. I get that it sounded douchey as fuck, but please remember, I came here literally saying I was new to this and seeking advice from seasoned experts. + +**EDIT 2 - AND HERE IS THE BIG ONE: I plan on doing this often and I wanted to continuously post about how it's going moving forward. If you guys want, get a mod to PM me about any and all of the "lies" and "delusions" I have and I would be more than happy to provide prove to them. This includes all of the doubts about my OWN PERSONAL life - like whether or not I own the cars I claim I do in my post history, watches, etc. LOL Imagine a world where you have to prove your possessions to be a part of a community... I guess it really is 2020. And yeah, if it helps others learn new shit, I'll deal with the trolls. Also, it would appear that** u/GringoGrande **(a mod on here) lives no more than 1 hour away from me. I'd be more than happy to meet him in person just to end all of the toxic hate in this post. Him of all people would understand what I'm doing. I just came here to ask a question, I didn't expect a troll takeover.** + +I've been buying mobile homes (the homes not the property), rehabbing them and flipping and/or renting them on VRBO and Airbnb. I've been doing it for over a year and even my "biggest mistake" resulted in 6k of profit in less than 30 days. I seriously haven't lost yet. Today I just purchased 2 more units at 1/4th the value of recent comps in the parks. I plan to rehab and flip fast. My broker hasn't shown an signs of slowing down - but even if it does slow down, I'm in on these units for so low that I'd at least break even on them. + +Covid aside, why is it that I keep on winning? I'm entirely new to this. I actually purchased a house back in 2014 and our contractor ran away with our money, so I contracted it myself. That led me into purchasing mobile homes and taking what I've learned from my own rehab and applying it to said homes and selling or renting for a profit. The profit margin on these places is insane. + +I ask because, every single time I purchase a home I have buyers remorse for a few days. I really want to get passed this hurdle as I'm planning on moving onto actual apartments/condos/homes/etc. Losing something like 5-15k on a mobile home isn't a burden, however, buying an apartment at 100k and losing 50-60k on it scares the living hell out of me. After all, that's what apartments went for in SWFL 5 years ago - now they go for 100k+. Still a good investment as I know a few guys who own a 3-4 apartments or homes and airbnb them almost all year. That being said, Covid has caused virtually of their reservations to cancel. So I plan on buying, renting and eventually listing when vacationing is whole again. If all else fails, I own a few online companies where housing is included in my manager's salary - I could always put them in my own property versus renting and save roughly $700 a month - so still, it's a win even at 100k. + +Anyways, when answering try to imagine a world, which was less than 2 months ago, where Covid didn't exist. I bought a unit for 1.5k and booked 27k on rentals on VRBO alone after spending 2k on fixing it up. Lot rent is a mere $537 a month. I've done the same with other mobile homes I've purchased plus/minus a few thousand. As I said before, my biggest loser still resulted in a 6k profit. It was a 14k buy sold for 20k. I spent a few hundred on "lipstick", I basically just painted it light grey versus ugly yellow and replaced the counter top with an Ikea $67 counter top. I had booked over 30k in rentals on it only to find out that the park manager played favorites and let some people rent via VRBO, meanwhile others, like myself, weren't allowed to. They played favorites - I know to look out for this moving forward. Since I spent the $2k to make it look "modern" I was able to flip it in less than a week for a 6k profit. + +All of that being said, I'm an extremely conservative "investor". I'm a software developer turned ecommerce startup owner who has sold multiple businesses to investment groups. A massive part of those deals is entirely related to analytics, which is why I am as successful as I am. My numbers are always extremely conservative and I always exceed expectations by roughly 4%. That margin being as low as it is has instilled a level of confidence in me that I know what I'm doing, but that's just for online sales. I have no damned idea what I'm doing in terms of real estate. + +I really don't want to continue down this road if it'll eventually blow up in my face. All bullshit aside, I read the posts on here, and I really seems like investing in mobile homes (not the property itself) is a big no-no. I think about this sub every time I buy and/or sell a unit. + +What are some things that could blow up in my face? How could I lose my ass on these deals? It seems like I'm in the business of buying complete junk and selling it as a "beautiful affordable property" that has "all of the amenities or a real home" - which I am, after I fix up the property. To put it into perspective, I've turned $20k into $77k in less than 3 months, and I'm still extremely conservative. Seriously, I haven't identified a single risk. + +Any thoughts? +Wanting to do this, not sure where to start… + + +Edit: WOW! Thank you to every single one of you that took the time to give me some advice. It is much appreciated. Some comments definitely hit home saying I need to just do it and not sit around to “gather knowledge” which I tend to do!!!! I feel much better now and have a direction, thank you. +Am I the only one who completely got destroyed this month? I've been run over by trucks like Microsoft, Target, Visa, Home Depot... 6-7 months of profits completely wiped out! + +And this is on 'safer' 15 delta iron condors. + +To those gurus out there who claim you don't need stop loss orders in options. ... well, I seriously disagree. + +Tuition money I guess... +I'm currently an undergrad majoring in finance with a concentration in investments and I was wondering how it is that others practice their financial modeling? I understand there's a multitude of different resources available on the sidebar, but how can I find information to apply these to in more of a real-life setting that can give me more experience as to what I'd be doing as an analyst? + "Stem-Cell Therapy for COVID-19-Related Acute Respiratory Conditions" [https://ir.citiuspharma.com/press-releases/detail/138/citius-pharmaceuticals-to-feature-product-candidates](https://ir.citiuspharma.com/press-releases/detail/138/citius-pharmaceuticals-to-feature-product-candidates) + +&#x200B; + +CTXR is working on a cure or a way to help people who have problems after covid, I read a few posts who thought this products was somthing that people use during covid, its not, its to treat long term ill people, Millions (Like 117 million) of people have had covid, Around 76% have symbtom after for atleast 6 months and alot of those have problems for life , problems like respiratory conditions. + +&#x200B; + +" New research has found that 76 percent of people who had been hospitalized for COVID-19 experienced at least one lingering symptom 6 months after recovering. " [https://www.healthline.com/health-news/over-75-percent-of-people-hospitalized-with-covid-19-have-symptoms-months-later#Whats-causing-long-haul-COVID-19](https://www.healthline.com/health-news/over-75-percent-of-people-hospitalized-with-covid-19-have-symptoms-months-later#Whats-causing-long-haul-COVID-19)? + +Am betting this treament will be fast tracked. This product will be a cash cow for the company for a very long time once its out...This + Mino-Lok will launch the stock price to all new highs over the next year + +Edit. Its not only for covid and yes worth multi billions as reported by call. Over all call was great. Alot happening soon and alot of catalysts !! +You're a complete and utter fool. Let's take a look at the issues: + +1) No moat at all. Sure they have 50% market share but there are competitors. They're a delivery service - anyone can do what they do. Not only does this pose a risk to market share, but it poses a huge risk to the already thin profit margins. At some point (because of 2-4 below) they will have to lower their fees and take rate, which will hurt margins even more. + +2) No brand value or brand loyalty. People couldn't care less who delivers their food, as long as it shows up on time and hot. Early in COVID I was using Skipthedishes until I got frustrated with poor service so I left. There is nothing to keep customers loyal to DoorDash if someone else offers better service, or the same service at a better price. + +3) Restaurants hate them. DoorDash takes a huge cut, which forces restaurants to raise their prices. I posted an example yesterday about a sandwich I ordered that was $13.95 on the restaurant's online menu but $18.95 on the DoorDash menu. Restaurants have been using them out of necessity but they are already finding ways around it. Many restaurants offer customers incentives for picking up their food. There are reports of restaurants grouping together and doing their own shared delivery. There are even reports of enterprising people starting their own local delivery services at lower rates. + +4) Future growth will plummet. People have been using this service out of necessity but DoorDash doesn't provide a service that will permanently change the way people live. People love eating in restaurants and will flock back to them as soon as it is safe/allowed to do so. Do you really think that people are going to continue ordering in on weekends through an overpriced delivery service as soon as they can return to restaurants? + +5) The CEO reportedly defended the IPO price by saying they priced it at a level they thought fairly reflected the value of the company. That means the CEO thinks the company is worth \~$100/share. + +This IPO was purely a case of ownership taking advantage of timing to raise as much cash as possible. I wouldn't be surprised if this thing is trading at $30 a year from now. This is going to be the FIT or GPRO of 2020 IPOs. +Over the weekend myself and some friends were discussing expenses and it blew me away that no one knew how much their weekly expenses were. + +I use a spreadsheet with all annual expenses broken down into a weekly figure that I put away each paycheck. This is so that when a bill comes through, I've already got the correct amount of funds put away to pay it. + +How does everyone else plan for regularly occurring expenses? + +Below is a screenshot of my breakdown in case anyone is interested. If you have a regular income, I've found this, coupled with a few separate bank accounts, is the easiest way to budget for those larger expenses no one wants to reach into their pocket for. + +\*EDIT. The screenshot is only a portion of the sheet. There are other columns that show the values as monthly, quarterly, annually etc + +https://preview.redd.it/590dtyrdm1x91.png?width=515&format=png&auto=webp&s=aadf9abdb9dccaaf0f6e71885e0be646cc62e7a6 +What started as a ragtag of mutant internet people rolling the dice on SPY has evolved into the single greatest and most powerful financial think tank to ever exist. The hedgefunds have their fancy degrees, but we are legion. WSB is essentially evolving into the Wikipedia of Investing. Somebody cooks up a play. Someone else finds more info. Another guy points out where we're wrong. After a bit of this what forms is sometimes a lazer sharp thesis that is open-source and free for all to view and participate in. You heard Chamath he said our DD is as good or better than the hedgefunds. He even said he learned about gamma and delta hedging FROM US while poking around the sub. We are getting smarter every day and soon wallstreet and the media will be sucking our HUGE collective Dong + +TLDR; We are strong. No one can tell us were wrong. Stonks are a battlefield. +Bank of England has explained what happened last 27th Sep, when it was forced to intervene the gilt market (indirectly bailing out all the pension funds...) + +So that quick, ah? Current 30 YR Gilt is yielding at 4.3%, if it goes back again to 5% byebye UK Economy and wellcome again to the Great Financial Crisis 2.0 + +What are your bets then? UK has no alternative now. If inflation keeps rising, which will as per the latest sentiment released this morning, the BoE can't rise interest rates agressively bcuz it will break down the whole UK economy...but if the BoE does nothing... it will break down equally the whole economy. + +[30YR Chart](https://snipboard.io/nN2q8J.jpg) + +:-) Fucked up! +I'm 21 and have been working a super shitty dead end retail job for the last two years. I used to get a lot of work but they've had to cut hours and due to being a casual staff member I've been lucky to get one shift a week lately. I've been slowly losing my soul watching people around me get into 'actual' work and barely making enough to get by. + +I started studying a Bachelor of Business majoring in Human Resources at the beginning of last year and am very close to graduating, and managed to secure an internship with a large company that includes an absolutely fantastic three year contract. I start tomorrow and I'm working part time making $25.30 AUD an hour with four weeks of vacation and ten sick days plus other benefits, and I get to move to full-time when I graduate this time next year and it also mentions my hourly rate going up when that happens too. + +I could not be happier with how things have gone, here's to things looking up. +Hello ! I have 17 years old, able to add 80-100 dollars monthly and searching for a 3-5 ETFs portfolio for + 10 years term. + +I dont want all my ETFs to be actively managed but there are some that call my atention. + +I don't want to rebalance more than 1 time in a year. + +&#x200B; + +VTI/VOO - 40 % ¿ Which should I choose? + +ARKK - 20 % + +ARKF - 15% (Mostly because im familiar with finance so I have always liked to have some positions in sectors that im interested in) + +VXUS - 15 % (International Exposure) + +10 % Left to take little advantage of seasonal trends like marijuana + +&#x200B; + +All type of tips, critics and opinios are good, but I would like a little of explanation of it. + +&#x200B; + +Thanks for all +Did you know that there was a RICO case involving FWEB ? And price fixing on OTC? I think it really is related to GME (and every other damn thing these corrupt fucks have touched) + +Found this interesting, It's a RICO case https://caselaw.findlaw.com/us-2nd-circuit/1161833.html + +the guy was a repeat offender too +https://www.nytimes.com/2002/03/13/business/markets-market-place-white-collar-criminal-adds-conviction-no-7-his-record.html + +and here is +[SEC announcement of the ordeal](https://www.sec.gov/Archives/edgar/data/827165/000095013400005971/ex99-2.txt), involving La Cosa Nostra O_O + +They tried to fix the price of FWEB (among other things). Sound familiar? + +edit: just want to add that I'm pretty retari BOTTOM TEXT so keep in mind it's just speculation on something I happened to see. This might be mis-flaired, sorry (see previous sentence) + +the tweet : https://twitter.com/michaeljburry/status/1441925842993438729 + + + +hhahaah HOLY SHIT. From the ny times article about FWEB: +"Had federal investigators not managed to record a couple of telephone conversations in which several people discussed a plan to drive the stock up so that one shareholder could dump his stock, that rise and fall would probably have gone unnoticed by everyone save those who made and lost money in the case." + +did we not just see conversations that may have been pulled from someone's phone, showing collaboration? + + +edit: looks like the tweet is now deleted, but was able to be kind of led to the link takes to https://www.wsj.com/articles/SB920421525958599000 +I think Netflix should be replaced with Microsoft, considering Netflix has a much lower market cap than Microsoft, and the fact that Netflix isn’t as diversified in different sectors and products, like how Microsoft is. + +I just don’t think Netflix has as much to offer and that is doesn’t deserve to be in FAANG. + +If Microsoft were to replace Netflix is FAANG, what should FAANG’s new name be? + +FAAMG? FAGMA? +We just refinanced to BOQ and the Manager convinced me to open an everyday and savings account with them. + +I’ve just logged onto their internet banking app for the first time and it’s ridiculous! Honestly looks like a Year 12 technology project. + +Am I missing something? Is there an upgrade I don’t know about?? + +Once the mortgage is sorted, I’m going to close these new BOQ accounts. I am stunned at how basic they are. + +Does anyone else find this? Or am I expecting too much after banking with ING? +I run a limited company and one of its perks is the generous taxation on pension contributions. If the company makes a contribution, it reduces its corporation tax bill and because it is not a personal contribution, no income tax is paid on it. This is tax efficient for the both the company and the employee. + +Currently it is common place to have matched contributions. For example, the employee would pay 5% and the company would match 5%. + +However, as far as I’m aware, there’s nothing stopping the company paying all of the contribution without the employee paying anything, as long as the contribution does not exceed the annual salary of the employee. + +Therefore, I’m wondering why there aren’t any jobs (as far as I know) that incentivise employees by paying large, unmatched pension contributions as remuneration for working there. + +For example, if a job paid £30k in salary and £30k in contributions, this would mean the employee is still a basic rate taxpayer and they get a HUGE boost to their pension every year - probably equivalent to 5-10 years of contributions they’d get at another job. This also saves the company a lot of money on tax. The only downside is that the employee has less money today. + +I could see this really appealing to people who don’t require huge amounts of money to live on and want to secure their future, especially those later in life who need to top up their pension before they retire. + +What do people think? Am I missing something? Why isn’t this a thing companies do? Thanks +Yes, you read that right, 97% of shitcoins launched on uniswap rugged according to this [research paper](https://arxiv.org/pdf/2201.07220.pdf). + +> In this paper, we expand the rug pull dataset of the paper to 27,588 tokens. To do this, we collected all Uniswap data until 03/09/2021 by directly interacting with the Ethereum blockchain. In total, we labelled 26957 tokens as scams/rug pulls and 631 tokens as non-malicious. + +Holy shit, only 631 out of 27.5k tokens were not rugs. I knew that a lot of the tokens on binance smart chain turned out to be rugpulls, but i did not expect it to be the same for uniswap aswell. Very surprising indeed. + +The paper also proves that tokens that claim to "lock liquidity" are also mostly rugs and did not change the outcome. + +> More precisely, we show that 90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually. +During Hoge Dev's AMA, it was stated they are doing the legwork for getting listed on large, Tier 1 exchanges. Many more audits, including the Dev team(yes they get audited too), finance audits, and code audits need to happen. +This all should go down within a few weeks, so if you ain't a hogler yet take a looksy. + +This is the OG meme defi coin, to all newcomers. This one is here to stay. Not tossed to the side and forgotten already, like 95% of the posts here. + +Hoge has a hard working, trustworthy dev team, a wonderful community over at r/hoge, and a twitter account blowing up with followers. + + +Hoge ✊ +Burner account, burning question for FatFIRE. + +Let's say you've worked really hard, earned really well, and invested even better. And you find yourself having built up a mind-blowingly healthy net-worth (combined investments and real estate) in the low $20MM range. + +You are blessed. You are fortunate. You are a sub-1-percenter. You are, by almost any standard, *extremely* well off. + +But you are also years away from your target retirement age, and still like to work. + +However, in speaking with an estate planner, one thing gives you serious pause... + +The planner clarifies for that, given current Federal and State estate tax rates (which one can safely project will not go down, and almost certainly up), *roughly 50% of any assets in your estate beyond the current exemption for a married couple* ($23.4MM, or $11.7 MM per spouse) *will go to Uncle Sam.* + +So if you were blessed/fortunate/lucky/smart enough to have, say, $10MM in assets *beyond* the current couple exemption of $23.4MM, 50% of that—$5MM—will go to the state when it's time for you and your spouse to check out of the life-hotel. Obviously, your estate and heirs will get the other 50%, or $5MM (in addition to their already substantial inheritance). + +But when you build this calculus into ongoing work and earnings today, it raises a very disincentivizing issue. + +If you and your spouse have that lucky number in your estate ($23.4MM) and either or both of you still want to work and have a reasonably high annual income(s)—let's say, $1MM—you will start by paying roughly 50% of that in federal, state and city income tax each year, leaving you $500K. But then when you add that $500K to your estate of $23.4 MM, it will be taxed ***again*** upon your passing, reducing that original $1MM in "income" to $250K in actual dollars. + +Or said another way, for any income you earn to add to your estate beyond $23.4 MM, you will in effect (and in hard, green actuality) be contributing 75% of those earnings to the government, and retaining just 25% for your estate/heirs. + +Do I have that right? You effectively keep only 25 cents on the dollar for income earned beyond $23.4MM, in terms of your ability to pass it along in your estate? + +If accurate, it begs the question why—other than habit, interest, passion or sport)—would one continue to work and try to build wealth if 75% of it is destined for the State? To be clear, I'm not asking to debate the fairness, rightness, or wrongness of estate taxes, or even their levels. I'm just trying to clarify the reality of what happens to actual earned income for couples who have already achieved the enviable estate threshold of $23.4MM. Thank you kindly for your thoughts. + +**TL;DR** Is the actual, effective tax rate for earnings by a couple who have a $23.4MM estate really 75%? In other words, 50% paid via current federal/state/local income taxes...PLUS another 50% estate tax on the remaining money as it is passed on to heirs? +So a little restaurant opened up a 30 second walk from my condo, and I applied to work there. I got the job and helped them open the store. They serve very good (but slightly expensive) healthy food and I enjoy eating there every day. I get a 50% staff discount which makes it a very good deal for my HCOL area. + +&#x200B; + +Here's the thing. I work a very 9-5 day job with no overtime. I make between 80-100K/year depending on bonuses. This second job is not impacting my performance (if anything it's making me appreciate my day job more). I feel like I'm getting a lot of judgement from people on both sides, a couple of people I work with at my day job know, and everyone at my second job knows I have a very good day job. I enjoy working in the restaurant because it's the complete opposite of my day job, very physical, I get to interact with people (customers), and I get to create things that make people happy but the days are long. + +&#x200B; + +I am mostly doing it so I've got some extra stuff to do in the evenings. I tend to get lazy and spend more money than I should if I have too much free time. Plus the staff discount is saving me between $50-100/week in food and helping me with my weight loss goals. I am hoping to save up at least 2-3K for tax time and then reconsider if I want to keep the part time job. All in including tips and the savings from the discount I calculate the earnings around $19/Hour ($14 minimum wage in my home city). + +&#x200B; + +What do you guys think, is this too aggressive of a move as I'm reaching for FIRE sooner, or am I wasting my time giving up 15-20 hours/week for a minimum wage job? + +&#x200B; + +Edit: My goal is to FI within the next 10 years. Probably with more of a medium/fatfire lifestyle. I own two condos (one pre construction) and intend to rent them out, and perhaps move to a LCOL area in the future. Currently my goal is to save about 50K before the condo finishes in the next 3 years. This part time job (if I kept it for all 3 years ) would account for 15-20K of that very easily. + +&#x200B; + +Edit 2: #1 on /r/financialindependence! I am reading each and every comment thank you all for such lively discussion. I appreciate both the pro and con opinions equally as this is a whole new approach to work in my life. Please keep them coming and I'm happy to answer more questions you have or discuss further. Please do not downvote naysayers with valid points! It's important to hear everyone in this kind of discussion and I think a lot of us are taking a lot away from this post. +More money is invested in bond funds than stocks but you would never know it by reading this board. + +Is anyone here invested in either BOND ETFs or Bond Mutual Funds? + +If so what funds are you invested in? I am old so it is not a good idea to be 100% in stocks. So I put 40% of my invested assets in Bond Funds. And most of them lost money in 2021. I would have done better with CDs paying 0.40% + +Alternatives? + +**(Feedback after reading all the replies: I am discouraged so many people told me to invest money in dividend stocks, or BITCOIN, or other potentially risky investments. Wasn't I clear that I am old, near retirement, and having 100% of my money in risky investments was a bad idea?)** +I just watched [this](https://youtu.be/AqSExy3HBm0) video put out by Economics Explained that I felt did a decent high level view of FIRE and the potential macroeconomic effects of it. I thought it'd be interesting for those of us here as well as potentially a good resource to put into our wiki/sidebar. +I'm 50 years old and trying to decide if I should max out my employer's 401k or save for a house downpayment. + +My situation is: + +* Zero in investments +* Have $15,000 of cash on hand (emergency fund) +* Nothing on the credit cards +* One car payment +* Need to replace second car due to cost to repair will be more than value so will soon have a second payment +* We rent my father’s (in his late 70s) townhouse which will become ours upon his passing +* Have a young child with special needs +* Single income as my spouse takes care of our child + +We would like a house as we would like a yard/space for our child. + +My employer will match 5% with immediate vesting. + +Would it make sense to max out the 401k and slowly build a house downpayment? + +Should we prioritize on saving a house downpayment and only do 5% in the 401k? Then once we buy a house to focus on max'ing the 401k? + +My thoughts is to maximize the 401k as the stock market has been performing well and I'm more concerned about building a retirement fund. + +Thanks for the advice. +Seems we will be stuck at home for a while. Any useful/interesting courses that you think are worth it? Wealth management, mindfulness, etc? + +As background, I was considering taking the Wharton private wealth management program, but it's not running for now. Any suggestions? + +EDIT: To ad some more context, in addition to wealth specific topics, I enjoyed this one in the past: [https://www.coursera.org/learn/the-science-of-well-being](https://www.coursera.org/learn/the-science-of-well-being). I am sure it will help with the RE part of fatFIRE. +Retiring early comes at a price, and looking around in this subreddit and seeing so many High-status, High-powered, busy-sounding jobs, it makes me wonder if time with your family is part of it. + +The average family working towards fatfire on this sub from what I have seen is 2 or less kids, usually under the age of 13, born to parents somewhere between the ages of 27 and 40. The point of fatfire is to earn your years back, so to speak; years of free time to do whatever pleases you with the people you love with all the money you'd need to enjoy it. + +But my question to the people who do have families, perhaps with older kids or families less represented in Western society that include grandparents who live in the home, for example, or other permanent extended family living in the house... + +Could you say that FatFire and the time-consuming pursuit of it has impacted your familial relationships greatly? Positively or negatively is fine. How has the impact changed as all parties involved grew older? + + In fact, here's a fun question for the people who have fatfired: Do your kids realise the full extent of their economic situation, or how globally unique they are? Does it / did it change how anything in your family worked? + +It's always been something I've wanted to know and I'd appreciate any insight into your lives. Have a great day! +I’m extremely smart, and no I’m not bragging just context. I transferred from community college to university and receive scholarship while I study to become a doctor, but because I have a child I’m working part time. The pay is good but I’m still living paycheck to paycheck, and now have $20 till Friday and hardly any food in the house. I thought if I did everything “right” in life (college, marriage, baby) I wouldn’t struggle. I’m debating dropping out of uni with my 3.86 gpa. Tomorrow after class I’ll go to my schools food bank which is so embarrassing but I don’t really have other options since I don’t have family of my own. I know the whole “life’s not fair” speech applies here but I want nothing more than to become a doctor but not at the expense of my daughter not eating. I’m aggravated, depressed, defeated. There really is no way out of poverty is there? I’m so fed up. I’m debating on dropping after this semester and just working full time. +I posted in /r/personalfinance mostly for the FAQ, but thought folks here might like the pro tips at the bottom. + +Feel free to add more in the comments and I'll add them to the post. + +# What are I Bonds? + +I Bonds are savings bonds issued by the federal government with a variable interest rate that changes every 6 months, depending on the current inflation rate (there is also a fixed portion of the rate that's loosely tied to the federal reserve fund rates. This has been 0% for a while, but that could change) Unlike other bonds, savings bonds can't be bought and sold on the open market (those are known as marketable securities), and so the value of an I Bond is always equal to the face value plus accrued interest. The minimum purchase amount is $25 and they can be held for a minimum of 1 year and a maximum of 30 years. + +# Who can purchase I Bonds? + +You can if you have a Social Security Number and meet any one of these three conditions: + +* United States citizen, whether you live in the U.S. or abroad +* United States resident +* Civilian employee of the United States, no matter where you live + +# How can I purchase I Bonds? + +You can only purchase I bonds by making an account on the treasury direct website: [https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res\_ibonds.htm](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) + +You can not hold I Bonds in an IRA/retirement account or any other type of account. + +# What's so good about them? + +They are currently paying a guaranteed 9.62% interest and are backed by the United States Government. Any other investment that offers a **risk free** return even close to that right now is a scam. The current highest savings account rates are 0.7% and CDs around 2%. If rates and inflation continue to go up then the I Bond rates will continue to go up. If we ever get into a deflationary environment (seems unlikely now but it's possible one day) another benefit is that they are guaranteed to never go below 0% rate. + +They are exempt from state income tax. Federal income tax is deferred until they are redeemed so they can compound and grow tax free (sort of like the benefit of a traditional IRA minus the actual contribution deduction). You could choose to pay the tax liability annually if you think that would be more beneficial, but it's a little complicated (see the question on how I bonds are taxed). If used for educational expenses for yourself, spouse, or a dependent then the interest is exempt from federal taxes. + +# What's the catch? + +You MUST hold them for a minimum of 1 year from the issue date. + +You can only purchase a maximum of $10,000 per person per year. (Technically $15,000, but see the pro tips) + +If you redeem them in less than 5 years you will forfeit the previous 3 months of interest as a penalty. + +The interest rate changes every 6 months, based on the current inflation rate. + +Most people don't run into issues using the very outdated Treasury Direct website, but if you do run into an issue verifying your identity, switching bank accounts, or getting locked out there are some reports of very excessive wait times when calling to speak to someone. + +# Should I purchase I Bonds? + +Only you can make that decision, but for most people with extra money sitting in a bank account that they won't need for at least a year the answer right now is probably yes. Even if you plan to hold less than 5 years and will forfeit the penalty, they are still a great deal. That answer can change in the future, but after 1 year you can redeem any I bonds you hold at any time. Hint: When the government caps how much you can contribute to something it usually means it's a pretty good deal (think IRA\\401k\\HSA contributions). + +# Can I purchase I Bonds for someone else? + +Yes, you can purchase gift I Bonds for anyone who meets the criteria to purchase themselves. You can gift up to $10,000 per gift recipient per year. The recipient does not need a treasury direct account until you actually deliver the gift. The gift can sit in your account until then and will accrue interest the entire time. + +# When does the interest rate change? + +The rate changes every 6 months, in May and November. Regardless of what month you purchase, whatever the rate is when you buy them will be fixed for 6 months and then you'll get the next rate for 6 months and so on. For example if you purchase in July, you will get the rate that was announced in May for the next 6 months, and then in January you'll get the rate that was announced in November and so on. + +# I purchased my bonds X months ago, why doesn't the value reflect the interest? + +Because there is a 3 month penalty if held less than 5 years, the treasury direct site shows the current value of the bond without the previous 3 months of interest, until the bond is 5 years old. Example, if you purchase a bond in May, your May's interest will post on June 1, but you won't see that first interest on that bond until September 1, and it will be the interest accrued in May. + +# How are I bonds taxed? + +I Bond interest is taxed as ordinary income, not as capital gains. + +I Bonds are exempt from state income taxes. If used for qualified educational expenses (same requirement for 529 accounts) for yourself, your spouse, or a dependent then they are exempt from federal income tax. + +When you redeem an I Bond, you will get a 1099-INT at the end of the year just like you would from a bank account, and you'll file that in your tax return for the year they were redeemed. You only owe taxes on the interest that you gained, not the total value of the bond. All of the interest earned over all of the years you held the bond is added to your income for the year they were redeemed. + +You can choose to report the interest yearly if you feel that would be more beneficial to you, but once you start doing that you must do so for all current and all future I Bonds that you own. When you redeem the bonds you'll fill out an extra form with that years tax returns indicating you've already reported these in prior years. + +# Pro Tips: + +**Reduce the penalty and minimum holding period:** + +I Bond issue dates and the start of interest accruing is always the first day of the month they are purchased. Time your purchase for the end of the month (don't want the exact last day to allow time for transfers) and you will effectively reduce the minimum holding period by 1 month. This will also effectively reduce your 3 month penalty by 1 month if you hold for less than 5 years, and give you a 1 month bonus if you hold for more than 5 years. + +**Purchase more than $10,000 per year:** + +You can purchase up to $5,000 in additional paper I bonds per year via your income tax refund, making the total yearly purchase limit $15,000. You could purposely over withhold your taxes to accomplish this. You could also file an extension and overpay by $5,000 to generate a refund. It requires you to fill out one extra form directing how your refund should be paid (Form 8888). Note: these are actual paper bonds and they will not show up in your treasury direct account. + +**Purchase more than $15,000 per year:** + +You could purchase $15,000 for yourself this year, and then purchase $10,000 as a gift for someone, like a spouse or relative this year. They could also do the same for you. Then in a later year you would transfer the gifts, but they would have been accruing interest the whole time. The catch is that the year you transfer will count towards the recipient's $10,000 purchase limit that year, but it still makes sense to do this in high inflation years, and then save the transfers for low inflation years. + +**Know what your interest rate will be for a full year:** + +There is a small window at the end of every April and October where you'll know what the next rate will be, and of course know what the current rate will be. If you time your purchases for these periods it will give you a more informed decision on if you want to buy them. You can average the current rate and next rate to get your effective rate for the next 12 months, which is also the minimum holding period. +Wow, this never got the attention it deserved. Bullish AF. They’ve known all along that we own the float and the SEC probably think the same as him which is why the 002 didn’t get passed!!!!!!!! HODL everybody were blasting off very soon!!!!!! And remember, ****NO DATES!!!!!!**** + + +https://youtu.be/WQPquBVtwMM +I almost didn't post this as I'm 99% sure its nothing because it was so easy to find, but I see nothing about it on the subreddit when I search. + +Basically I decided I wanted to waste some time and try to see if there was anything hidden in the secrets.txt that has been datamined twice. [Here is the current datamined version] (https://imgur.com/a/toirCbl) + +Well I noticed that a lot of it is symmetrically setup, but some is not, including the first line. So I decided to focus on the non-symmetrical bits, and it didn't take long for me to get an unexpected hit. I took the first line, ignored HI.PG as that seems like something I can't do anything with, and focused on BGPY7^. My first step was just to google **BGPY7^** as maybe it would give me information on what type of code it could be. + +And the only results that showed up in google were two SEC filings that were archived. I kind of put that in the back of my head as I thought it was a coincidence. And it still probably is. + +But after doing the same thing for a couple other lines, it seems one other SEC archived post were hit too in my research (and I have only barely started), but mostly nothing. + +So I decided hey, why not just try to read the filing, maybe something fishy is about it. What I found was: + +It's in regards to a Chinese Media Holding company Glory Star New Media Group Holdings. With my very smooth brained research what I know about this company is (most or all of this probably has nothing to do with anything, but a couple things have got me questioning how big of coincidence it is): + +* It was until recently a publicly traded company. +* It is based in the Cayman Islands (I don't know if that is normal, but I know its a tax Haven) +* Some discussion has been had that it is/was grossly undervalued and I think maybe some issues with their accounting?? +* They launched an **NFT application called CheerReal** on September 9, 2022. +* One description of the company is "Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, **e-commerce, social networking, and gaming.** The Company continues to **integrate its cutting edge blockchain technologies**, ..." +* The company went Private by a blank check acquisition as of September 2022. + +I also think its worth it to note this was part of the secrets.txt that was datamined well before the acquisition or release of their NFT app. + +TLDRS: Stumbled upon an archived sec document by googling a line from secrets.txt . The results were regarding an SEC filing by Glory Star a company that seems to share a lot of their aspirations with GME. +My leased car was totaled one night while parked in front of my house. Of course, the driver was found at fault and and insurance covered the payoff amount. Toyota financial account is now reported as an adverse account on my credit with the remarks “early termination/insurance loss”. My credit score dropped from 820 to 680, and I’m livid. Is this an error by Toyota Finical in which I would deal with them or do I need to/ can I dispute this with the credit agencies? + +Much thanks in advance for any input you have. + +Edit: Thanks everyone for your input. Just wanted to address a couple comments I have been seeing. No payments have been misused between time of accident and time of settlement. Additionally the insurance settlement covered in excess of the payoff amount. + +Edit 2: a lot of comments saying the drop is just because account closing which is not the case. It’s listed as an adverse account which will stay on the report as a derogatory mark for seven years. + +Edit 3: Spoke to Toyota, and they said it’s part of their normal process. The account was closed but not processed (at least that’s what I understood). They processed the settlement and and my credit should be corrected within 30 days. +I don't regret telling them, they're very supportive and I enjoying sharing things about my life with them. But they said it was impossible - and probably think I'm a bit crazy. + +I want to send them something short and sweet that introduces them to FI and explains why retiring at age 45 is actually very achievable (if you're committed and start early). + +Thanks! + +PS - my parents are the only people I'm planning to share my FIRE plans with. + +Update: I'm not going to follow up with anything, unless they ask. If they do, I'm just going to talk about my own numbers/experiences. Thanks for all the great advice. +Fractional reserve banking allows a bank to keep only a certain proportion of total funds as liquid funds while lending out the rest. + +I am trying to build a model that will output the probability distribution of running out of liquid funds based on historical deposits and withdrawals in the next (5/10/15/30) days. The inputs for the model are the historical deposits and withdrawals to the bank. The output will be a probability matrix, that will have the information as follows: 5% chance of running out of liquid funds in the next 30 days if you keep x amount as liquid funds, 10% chance of running out of liquid funds in the next 30 days if you keep (x-y) liquid funds and so on. + +Building such a model requires a mathematical background which I do not have. If someone can point me in the right direction or also give me an idea of where to start, it would be appreciated. +Prior to new trading platforms arising late 1990’s - early 2000’s, many traders were still able to be highly successful and profitable even before all these indicators, signals and charting tools were created. + +They were successful and at times, even highly profitable even with just basic line charts, bar charts, and candlestick charts at their disposal. + +Also, back-testing wasn’t even a thing yet and they had to primarily gain knowledge and experience by practice and trial and error alone. + +I feel that at times, we truly underestimate the precision of our own eye ball. + +I also feel that we as traders, sometimes switch strategies too often rather than sticking to a strategy we believe had a strong conviction. + +I believe this is highly important as trading is an art form that requires the utmost highest proficiency, precision and mastery in order to be successful which at times can be contradicted by switching strategies too often. + +From my own personal experience is that many indicators at times, can be more detrimental than beneficial to a strategy when not used properly. + +Lastly, most indicators are also highly condition dependant, time-consuming, lagging and provide a false sense of confidence (again, when not used properly). + +If traders can initially succeed and be profitable using the traditional method during the early days of trading, then anyone can to, and my experience using price action alone supports that it can be done, with ‘minimal’ indicators required. + +I think we’ve been driven into an age in society where we are now dependent on technology, AI and algorithms. +I think the top two for me are.. + +1) people think that the more complex and intricate their strategy is = more success. + +2) “ You can predict the market “ - The market may present you with news, price action and your technical indicators all showing a strong buy/sell.. and than boom goes the other way. That’s why I don’t care about what I can “ make “ but more importantly what I’m willing to lose. +I've been working to improve my risk strategy. At first I used to risk around 20 - 30 pips. However I only had a 40% win rate and my wins weren't as large as my losses. The only way I realised I could avoid this was risking extremely little. And when I say little I mean 5 - 10 pips a trade. + +Doing this helped decrease my drawdown and got me profitable. However the amount of losses I take although small can take a huge psychological effect. I'm talking about 14 30p losses and 6 £3 wins. + +I really want to know how to improve my win rate? I'm trying to only take high probability setups but I'm doubting my strategy and don't want to strategy hop. +I'm planning to buy $1000.00 each of the stocks on the list to start with a dividend portofolio. Anybody has any advice or recommendations? + +&#x200B; + +https://preview.redd.it/ykzlma03q1i91.png?width=241&format=png&auto=webp&s=196570d67597147976c87b865e307035581ad4f1 + +&#x200B; +**PREFACE:** + +&#x200B; + +I think this upcoming week will provide a fantastic opportunity to enter an investment into any of the three tickers I listed at a tremendous discount to fair value. + +Election uncertainties and fears of a Biden win have caused the share prices of defense sector stocks plummet despite strong financial results in the most recent round of earnings. + +The outlook for the defense budget is actually great. Both Biden and Trump would be **extremely unlikely** to significantly cut the defense budget. Both have formally stated that they would like to maintain a strong military presence to counter the rising threat of China albeit through different strategies. Biden wants more defense spending to be allocated towards cybersecurity/drones while trump wants more conventional options. + +&#x200B; + +**Dividend Analysis:** + +All three of the companies have respectable dividend safety and growth histories. Right now $RTX is the most undervalued due to the headwinds from its acquisition of UTX and the stagnation of revenue streams related to aviation/planes until global air travel recovers. + +$LHX has the absolute highest CAGR of \~20% over the past 20 years with a solid 5 year DGR of 10%. + +$LMT is not too far behind $LHX with a 5 year DGR of \~8% + +$LMT offers a slightly higher starting yield at \~2.7% compared to $LHX at 2.1% though nowhere nearly as high as $RTX at 3.5% + +**Fundamental Analysis:** + +$LMT is likely the safest bet here. It has the largest defense backlog and is trading at a lower PE ratio relative to LHX. It also doesn't face the headwinds of exposure to the aviation industry like $RTX. + +$LHX offers the biggest potential for future growth. These guys are trading at a large P/E for a reason; they've been experiencing explosive growth and are in drones + cybersecurity services which are likely to boom. + +$RTX is a deep value/recovery play. +Title pretty much says it all. I lent my brother $12k interest free and he just paid it back in one large cash payment because he sold his truck. What’s the easiest way to get this into my checking account? Does this count as taxable income? +I got caught up in the August equity bull craze and invested 75% of my savings (30,000) into a ridiculously high risk portfolio with a pretty stiff hard-on for US tech and cloud. I had a birthday (30’s) in August and realized I must take more risks to get more out of life. I honestly am hoping to achieve annualized average 15% growth a year in the next 10 years but now realize this could very easily be a minus 15% with the amount of risk I’m taking here and with everyone talking about ‘tech bubble’, ‘correction’ ‘Joe Biden’ ‘second lockdown’ has me kinda worried. + +As I say, I have 30,000 into this following portfolio, with the planned addition of 400 a month from my salary into this. + +My 8 investments; + +\*Fundsmith 4k; + +\*Scottish Mortgage Trust 4k; + +\*Polar Capital Technology Trust 4k; + +\*Allianz Technology Trust 4k; + +\*Nasdaq100 4k; + +\*S&P500 4k; + +\*S&P500 Information Technology 4k; + +\*Wisdom Tree Cloud Computing 2k; + +A lot of FAAMG overlap obviously - especially AAPL and MSFT – but I see that as in lieu of actually owning those individual stocks so I’m actually okay with that aspect. + +The reason I am high risk is because I wish to purchase a decent home in around 10 years time and seriously need to increase my deposit due to low salary. But have I gone overboard? I saw something like VWCE as more of a safe and steady pension investment fund so I didn’t think this meets my aggressive needs, but I may be wrong about this. (My pension at work is invested in a global equity tracker which I’m very happy with as I won’t need this for another 25 years). + +My concerns now - I read Tim Hale’s Smarter Investing this week, watched Ben Felix and Lars Kroijer on YouTube, and they all more or less advocate a global index tracker. Warren Buffett advocates the S&P500 instead of a global tracker. Bogle’s 3-fund portfolio is a third bonds which again seems fine for a retirement fund but don’t seem risk aggressive enough for my objective. So all this seems I’m going against the grain of ‘safe’ investing. + +It’s not too late to abandon ship and write off as a rookie mistake and switch to VWCE or S&P. I’m in the red by about 4% (1,200) since I started 6 or 7 weeks ago. Not worried yet but if this gets to minus 10% or 15% then I might start losing a bit of sleep. + +Will the VWCE / S&P500 likely outperform my portfolio? + +Am I crazy to stick with such a high risk / high reward portfolio? Could there by decent returns in 10 years if I am patient and keep cost-averaging each month, or am I surely headed for complete disaster? +Hello everyone, i am not sure if this is the correct subreddit but i‘ll ask nontheless. + +I am 29 years old and have around 60k in savings. I earn nearly 3k a month an my only expenses are rent and basic living costs. Hopefully i will earn more in the coming years... + +I am looking now into buying my first appartement to get out of renting a place. I live in a very expensive part in central europe and most small appartements here (50-70 sq m.) Cost around 250k - 350k. + +Is that doable with my income and a loan? I hope to get maybe some money from my family but i won‘t reliy on that just yet. + +A am not really informed in these things so please bare with me if this is a stupid question:) +**tl;dr: There is no substance behind "SWDA, EMIM, 88/12." It doesn't offer a good return for the risk taken and is rife with currency risk.** + +Long(ish) time lurker, occasional poster, financial professional here. + +Reading through a bunch of posts here, I noticed a recurring theme when people ask questions about which ETFs to select and how to allocate between these selections. + +In retail finance and financial psychology, we talk a lot about the term "herding." In short, herding is the act of following others without asking where we're going or why we decided to go down this path. + +On this subreddit, we see herding manifest itself when it comes to asset selection and allocation. + +More often then not, someone will recommend investing in: + +- SWDA - iShares Core MSCI World UCITS ETF - tracking 23 developed markets and, + +- EMIM - iShares Core MSCI EM IMI UCITS ETF - tracking various emerging markets + +There's sometimes a variation in the ETF, but the general idea is that these two ETFs/indexes provide cheap access to global diversification. + +Second, and more disturbingly, it's then advised to allocate your investment money in: + + - 88% SWDA and; + + - 12% EMIM. + + +As someone with many years of experience in finance, I was skeptical of this recommendation. There are a few reasons why. + +First, financial advisors use various factors such as risk tolerance and personal goals to determine allocation amounts. If 88/12 (or even 90/10, but that's just splitting hairs) was the "best" allocation for everyone regardless of their situation, then why don't all financial advisers recommend by default? + +Second, these ETFs use the USD as their base currency. For people **NOT** needing their money in dollars when they withdraw, it seemed like an odd choice. After all, there is currency risk involved which adds planning complications. Assuming that everything will "be alright" when it's time to cash out means that not only should the market be up but also that the USD is stronger than the EUR when you bought in (assuming you want EUR). + +So with that in mind, I fired up some proprietary software I have access to (financial analysis tools connected to a historical market feed) and set out for a deeper look. + +Here's what I found. + +# The Test + +When planning an investment allocation, it's important to find the most optimal allocation given a risk level and the corresponding returns. To do, I: + +- Gathered the historical daily close prices for SWDA and EMIM + +- Took the earliest date that both were trading (09-06-2014) + +- Grabbed the correlations between the returns, since proper diversification means avoiding too tight of correlations (in other words, if the two securities are too tightly positively correlated, then they move together, in effect negating diversification. Likewise, if they are too tightly negatively correlated, then they cancel each other out, which is also bad for a portfolio). + +- Found the daily percentage change in closing prices + +- calculated their standard deviations, which gave us a good gauge of volatility + +- Used those numbers to run a Monte Carlo simulation of 50,000 different allocations + + +- Did the same with the USDEUR FX rate over the same time frame (since I assumed that most people on this sub have EUR and when they buy a USD-denominated ETF, then they take the other side of that FX pair), looking for correlation and translating the returns back into EUR. + +The test then gave me the following information: + +- All of the possible returns, allocations, and their volatility + +- The Efficient Frontier of the best allocations for a given risk level, as measured with volatility. + +- The Sharpe Ratio for each allocation, which shows how much reward an investor gets for a given level of risk undertaken. For reference, anything above 1.0 means that the investor gets rewarded compared to the risk, and anything under that means that he or she is taking too much risk for the reward. + + +# The results + +## SWDA and EMIM alone + +I first ran the simulation with the two ETFs, disregarding the noise generated by the FX rate. + +What I found was concerning. + +First, these two ETFs are near-perfectly correlated! + +| |SWDA |EMIM | +|-------|----------|-------------| +| SWDA | 1.000000 | 0.931738 | +| EMIM | 0.931738 | 1.000000 | + + +While they do let investors target multiple parts of the world in two securities, since their inception, they have not provided any palpable diversification benefit. While correlations do constantly change, the evidence here suggests that, since inception, this two-ETF portfolio might be less-potent than people on this sub are lead to believe. + +Second, my model found that EMIM offered **no** benefit to the investor. SWDA carries almost all of the gains, while EMIM only adds costs. + +The best returns portfolio came out as: + +|Returns |Volatility |Sharpe Ratio |SWDA weight |EMIM weight| +|---------------|---------------|---------------|---------------|-----------| +|13.58% |15.2% |0.893913 |1.0 |0.0 | + +While an investor would get 13.58% annual returns, it all came from SWDA, which has a standard deviation of 15.2%. + +None of the 50,000 allocations had a Sharpe Ratio of just 0.898906 (a wee nudge above the best returns). + +I then checked the 88/12 portfolio which came out with: + +|Returns | Volatility | Sharpe Ratio | +|--------|------------|--------------| +|12.93% | 15.00% | 0.862358 | + + +**In other words, this allocation sucks.** Adding in EMIM only increases costs while decreasing returns. If that wasn't enough, investors aren't rewarded for their risk since the Sharpe Ratio never breaks 1.00. Further, it doesn't fall on the efficient frontier, meaning that there are better returns available for the corresponding level of risk. + +## Accounting for currency + +Second, I threw in the historical close of the USDEUR to add the impact of currency volatility and prices. + +While the currency did not impact volatility, it did lower returns, which showed up in the lower Sharpe Ratio. The highest return portfolio I had a maximum return of 11.19% but with the same standard deviation of 15.02%. In either case, my tools recommended ignoring EMIM all together. + + +|Returns |Volatility |Sharpe Ratio |SWDA weight |EMIM weight| +|---------------|---------------|---------------|---------------|-----------| +| 11.88% |15.2% |0.782747 |1.0 |0.0 | + + +So in the end currency exposure had a **negative** impact on a euro-investor. + + + +**NOW,** I hear you saying *"but Mr. PizzaJerk, I've read that currency doesn't have an impact on investors! The guys who build and sell the funds we use say so!"* + +Well, amigo, that's not quite right. The big fund companies and brokers are right: currency *doesn't* generally have an impact on a fund's performance in the sense of correlation. + +| |SWDA |EMIM |USDEUR | +|------|-----------|-------------|---------------| +|SWDA |1.000000 |0.931738 |0.166770 | +|EMIM |0.931738 |1.000000 |-0.065424 | +|USDEUR|0.166770 |-0.065424 |1.000000 | + +As you can see here, the correlation between the two funds and the currency pair is 0.10. A correlation of 0 means that there is no price relationship between the two assets. However, that **does not** mean that currency does not impact a portfolio or an investor, negatively or otherwise. + +Now, I think this FX topic is worth exploring a bit more, and maybe when I have the time, I'll go a bit more in-depth on it. Keep in mind though, that, just like the stock market, it's impossible to predict and time the FX ones. Currency can impact you profoundly; just ask anyone in Europe who bought into the SP500 in 2002 who wanted to cash out in 2010. + +# So what should an investor do? + +For one, stop taking investing advice blindly on the internet. Please talk to a professional (check your local market regulator's website for a list of investment advisers in your jurisdiction) to find the best products/strategy for your profile. Herding is amusing at its best and dangerous at its worst. Investors should definitely not follow the leader when making life-impacting decisions. + +Second, if you want to go it alone, do better research. Hedged and Synthetic ETFs are your friend, and remember, being geographically spread out isn't a catch-all for adequate diversification. + +Finally, if you are holding these two ETFs in this allocation, don't panic. Find a few other ETFs that interest you and dig a bit deeper. If you can get the historical returns, put them into a spreadsheet and run a correlation analysis. At the minimum, you'll see how related they are. The results can be surprising. From there, find a way to limit your exposure to these two funds by purchasing more the new ones. Time will usually help balance that out. + + +I hope you all found this informative. Good luck. + +(edited for formatting) +At the moment I can only spare from 50-100 Euros as my job is a cleaner, so I don't make much. I'd like a stable income from it, not just growth that I can never touch. I have no other sources of income to live on, so I'm in a tight place. I'm in Estonia +With the Tootsie fucking Rolls tweet. https://twitter.com/ryancohen/status/1470363505027129346/photo/1 + +And I predicted it within hours of the tweet: https://old.reddit.com/r/Superstonk/comments/rfr2at/tootsie_roll_meaning_implied_shares_outstanding/ + + +The round-house kick I am referring to is creating a GME subsidiary with its own stock symbol. That gives so many options, like issuing every GME holder a dividend in the form of 1 share of GME Entertainment for each GME held + +After Ryan's tweet I took a little look around and found that Tootsie Roll has **39 million shares** outstanding, HOWEVER they also have **67 million implied shares** outstanding. + + +***Here is a highly relevant excerpt from my Tootsie Roll thread:*** + +**<absolute speculation from here on out>** + +**I don't think it's going to be about acquisitions though, but about subsidiaries coming from within. GameStop's NFT department is like an internal startup as they said, imagine they become their own subsidiary with their own stock symbol, and every GME holder, doesn't matter if naked or not, receives 1 share of that. Possibly through their new platform to kickstart its userbase. The squeeze would set in just a little later: This dividend of 1 subsidiary share could prove once and for all how many shares there are in circulation, since there is no reason for brokers or the DTCC to deny the distribution as it's not a finite amount of NFTs but an infinite amount of new shares in this subsidiary, it could give an actual view of how deep the naked short position is and informs SHFs of the actual amount of shares they need to buy back.** + +**Alternatively, GameStop's shareholders can also just lock the float through DRS and get this shit over with** +One of my biggest and most annoying expense every year are expenses related to my twenty year old sports car which I've has for eight years. + +The car is fun but the expenses are not. + +One of MMM's old article suggests buying a reliable ten year old car as a way to minimise car consumption. + +Has anyone had any experience following this advice? + +I asked a mechanic and relatives who know more about cars than me and they say it's a terrible idea because repairs will constantly be required. + +They tell me to go for something around the three year old mark. + +Should I upgrade to a ten year old car or a three year old car? + +Appreciate all your thoughts. + + + +Hi folks, + +I’m curious to learn more about background of people on this sub that are actively building algos. Is this a side hustle or are you self-employed working on it full-time or working in a fund? + +My background: I’m a swe at a big tech company who also trades on the side, mostly shorting Qs this year. I’ve considered reading up on algo trading but it appears most people are not making much money on it consistently. Are there any stats on it? +Good morning Apes, Uncle Hank is back with another episode of the Magnum Opus. On today's episode: will my wife ever stop fucking the mailman? (Spoiler: NOPE). + +I wasn't originally planning on making these daily but because there has been such a great reaction and many of you have asked me, I will continue to make these daily, with updates, until the theory is proven wrong or until we go to tendietown. I am not a financial advisor, this is not financial advice. + +Before reading this, you MUST [read my first post (most important)](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/)and [my second post (update based on yesterday's price action](https://www.reddit.com/r/Superstonk/comments/mu1esp/gme_magnum_opus_update_theory_confirmation_today/)). If you don't read those you WILL NOT understand wtf I am babbling on about. Now, I present to your: Uncle Hank's Magnum Opus: ROUND 3: + +https://preview.redd.it/3sjcoljwudu61.png?width=960&format=png&auto=webp&s=ed4d860f907321a356a46feaf17724cbdd2cbe78 + +# Quick Summary of where we are based on the theory + +**If you've already read the other two posts, skip to the part where I say you have a nice cock (you do btw).** + +My theory said that because of similar price trends that I have detailed in my first post, GME is currently repeating its price and volume pattern from early January. My reasoning for this is because the shorts have been in a nasty FTD cycle for over a year, so that's why we see similarities in price. As I've said many times, THIS IS JUST A THEORY, I could very well be wrong, so please do not take this as fact. As soon as there is a major sign that the theory is wrong, I will let you know immediately. + +GME price and volume action from 12/28-1/8 and 4/5 - 4/16: + +https://preview.redd.it/wudyqja1vdu61.png?width=1166&format=png&auto=webp&s=4a54109e2244435db414e02404fe957d25fa30b2 + +https://preview.redd.it/om83lga1vdu61.png?width=1178&format=png&auto=webp&s=d760a925a29cb8c3d9e4c2a20a2a541804336e52 + +From this information, my theory predicted that GME would have a significant gap up yesterday with volume higher than the previous Thursday and Friday just as it did on 1/11. That seems to have happened. Here is a comparison of yesterday to 1/11: + +**Yesterday:** + +https://preview.redd.it/cord4l0gvdu61.png?width=2206&format=png&auto=webp&s=e6bf34fd8e7135209e6ad1a19b3b1fbc7fef515f + +**1/11:** + +https://preview.redd.it/mnjki4devdu61.png?width=2204&format=png&auto=webp&s=70268505248438fb978e306abf182e435dd0b579 + +Interestingly, both of these days, the price shot up in premarket, gapped up from the previous Friday price, had super high volume in the beginning of the day, volume and price then faded the rest of the day, and volume, though higher than the previous two days, was nothing special. Yesterday's IV crush hurt my calls more than my wife's boyfriend hurt me when I forgot to pay his rent 8 months in advance. + +# If you've read my other two posts start here (nice cock btw): + +https://preview.redd.it/ribvsz3lvdu61.png?width=400&format=png&auto=webp&s=715164eec106767d68125c9420216cf6f112e884 + +Alright, so if the theory is correct, today should be a flat day, slightly negative, with very low volume and no significant price movements on the up or downside other than a slight dip after open. I want to be very clear that because today's price action is predicted to be absolutely nothing special that today's price and volume being in line with 1/12 does not prove that the theory is correct, it simply doesn't prove that it isn't correct. The reason for that is because it's very hard to infer a correlation from a flat price and low volume. As I've said before, Wednesday will be the real test. If today the price goes super high or low or if volume exceeds yesterday then the theory is probably incorrect (and I will tell you all this). However, if we have a flat day, then the theory has not been proven incorrect. + +**1/12 Price action and volume:** + +https://preview.redd.it/4l33qrypvdu61.png?width=2212&format=png&auto=webp&s=53a7351370beb53e86b48a2a9aa9a9840f90cb9a + +This low volume, flat but maybe slightly negative price, with a possible dip in the early morning, and maybe a pickup in volume towards EOD is what we are looking to follow today. So if you're sad about a boring day today, at least you can know that Uncle Hank may be on to something (last time I thought I was on to something is when I caught my wife with the mailman for the first time, sooooooooooo). + +**1/13 Price action and volume:** + +As I said before, Wednesday is the important day. This is not GME moon day. This is HomeDepotHank69 theory come true or not day (I know, very catchy). It's important to note that HomeDepotHank69 theory come true or not day is just a stepping stone to GME moon day and GME moon day will be much bigger. If we see similar price and volume action tomorrow as we did on 1/13, then that is further confirmation of my theory. If this does happen, I will make a mega magnum opus post that details where that puts us for the next few weeks regarding this theory. In the meantime, here is the price action and volume of 1/13 (our day to look at tomorrow): + +https://preview.redd.it/4xvz81sqvdu61.png?width=2214&format=png&auto=webp&s=3839c30e38e5fa13e1777763a181965e125370f9 + +What's interesting about this is that there is no movement in the premarket hours and the giant move upward comes starting around 10am and peaks around 11am. As a student of GME I've long noticed that GME's peak up or down is either before 10am or around 11am, so just something to keep in mind. I'm getting ahead of myself, let's focus on today and see if it looks similar to 1/12. + +**Looking to the future:** + +Apes, I know that the plethora of charts and colors may confuse you (if you are color blind, I will set you up with my wife's boyfriend immediately), so here is a longer view so you can see where we are and where we may be going according to the theory. According to the theory, everything to the left of the red line has already happened (this is early January). Everything left of the line is up to 1/11. Everything to the right of the line has not happened yet. Today, we are looking to follow that very tiny red candle with little volume, then Wednesday, we are looking to follow that explosive green candle with volume bigger than my wife's body count. Again, this is just a theory, do not take it as fact. As soon as I see evidence that the theory is wrong, I will update this. Here is the chart: + +https://preview.redd.it/epcufzjtvdu61.png?width=1290&format=png&auto=webp&s=5dcb21833b58fcf1a8691f7c87bc0a3ba64a24a3 + +Ignore those two white lines. STAY STRONG APES. + +EDIT 1: only about 50k in volume by 9am, seems like it's gonna be a low volume day. + +EDIT 2: extremely low volume at open, price slightly negative + +EDIT 3: Volume still low, price still slightly negative. Just like 1/12, the dip peaked around 10am, will we recover the rest of the day like on 1/12? + +EDIT 4: Shoutout to u/SpecialEditionDVD for this great comment: + +Second, I'm very curious about this theory and think you are on to something: + +* The jump from 1/10 to 1/11 was \~230% and the jump from 4/16 to 4/19 was \~200%. +* On 1/11, volume was 14.9M. On 1/12, volume was 7.1M (roughly 48% of the previous day). +* Yesterday's volume was 10.5M, so I'm thinking the range should be in the 4.5-5.5M range. + +EDIT 5: still LOW ASS volume. Price is declining more than 1/12, but on 1/12 we did see a big dip in the morning. If we keep dipping lower, the theory may be in jeopardy. I will continue to update. + +EDIT 6: Ouchy price go down ouch. Theory is not looking good today in terms of price but it is looking good in terms of volume. If we end closer to VWAP or end down less than 5%, I'll feel better about the theory. Stay tuned for more updates and for tomorrow's post. + +EDIT 7: Thank you so much to u/nuulss for talking about T+21. This is further reason why I thought that the price of GME was repeating becuase of the "nasty FTD cycle." I am going to do more research on that tonight and will hopefully be able to include an extensive amount of it in tomorrow's post. Thank you so much to u/nuulss for mentioning that, ur sexy as hell. + +EDIT 8: fellow ape u/wwalley came to the same conclusion as me, go show him some love + +EDIT 9: Fixed pictures + +FINAL EDIT: Below is a comparison of today's price action and volume with 1/12. We closed the day at 158.53. There are definitely some differences here, but for the most part it's similar. A big difference is that 1/12 stayed mostly around the VWAP. Contrastingly, today we were under it for most of the day. another difference is that our morning dip was much more severe than 1/12 and we didn't recover from it like 1/12. There are many similarities. however. Both days we had far below 10m volume. Both days were not very volatile and saw IV drop throughout the day. The high of both days was near open and there was a dip in the early morning. Interestingly, on both days volume really ramped up in the last 15 minutes of trading and price did as well. IMO, volume, shape of the charts, and the last 15 minutes of trading are the biggest similarities. Overall, I see no reason as to why the theory is wrong, however, as I said before, today does absolutely nothing to prove that the theory is correct. Today, simply gives no evidence that it was wrong. As I said, tomorrow is HomeDepotHank69 theory come true or not day. See the above chart on 1/13 for a comparison as to where we should go tomorrow. If we do not have a significant ramp up in volume and price, my theory was wrong and I will notify you all. If we do, I probably won't leave my house for several days. I will be making another post tomorrow for the theory and am also going to try and do more research concerning u/nuulss comment about T+21 expiration and see if I can find any similarities there. In the meantime, stay strong apes. Not financial advice, not a financial advisor. + +1/12 + +https://preview.redd.it/8jftsgnawdu61.png?width=2212&format=png&auto=webp&s=3b538c7677c005189c8594451a2d4604e4d0f52f + +today + +https://preview.redd.it/8p9gbpcvxdu61.png?width=2018&format=png&auto=webp&s=99c639f39a23e364ac938508482d20f87100840b + +**One more edit cuz fuck me:** + +Anyone else think the after hours activity is looking similar to 1/12? After hours aren't the best thing to consider because of the fact that the price can be moved really easily due to the low volume, but wow they're looking similar right about now. + +&#x200B; +Following up from my last post: [https://www.reddit.com/r/Superstonk/comments/p0pv1b/possible\_point72\_shell\_company\_shorebridge/](https://www.reddit.com/r/Superstonk/comments/p0pv1b/possible_point72_shell_company_shorebridge/) + +There's tons of money flowing ~~into~~ out of the Cayman Islands. + +&#x200B; + +[Another 6.5 billion on Jan. 29th 2021 \(squish\)](https://preview.redd.it/muncelefy8g71.png?width=1331&format=png&auto=webp&s=fc1eb392e99b61758a46192bc9dc10ef9f475bb9) + +Here's something - take a look at the list of "related persons" - + +&#x200B; + +[Scott Lennon should stand out](https://preview.redd.it/1em6avonz8g71.png?width=969&format=png&auto=webp&s=d5233f91ad170edca9372b4f969470839fef86b7) + +Take a looksie at this gem- + +&#x200B; + +[https:\/\/www.offshorealert.com\/scott-lennon-bear-stearns-amended.aspx](https://preview.redd.it/o1vi8twxz8g71.png?width=593&format=png&auto=webp&s=288103f0310d94ec685bdf8cc94b82187778881d) + +Still digging, just thought the community should know. + +&#x200B; + +Stay stonky yall + +Edit - realized that ShoreBridge is *purchasing* the securities, so cash is moving *out* of the Cayman Islands, not in. +I’m 27 years old. I started my mortgage last year for 35 years. Currently I’m saving for a car. I earn £42,000 currently. I put 14% of my salary into my pension. My work matches my pension up to 7.5%. I plan to raise my pension every year with the standard half your age formula. + +I guess I have two questions. Am I putting too much in? +Instead of putting so much into my pension should I put it elsewhere? Danke + + +Edit: so much advice, thank you all for your input. + +My short term goals are a car and that’s really it tbh. Maybe a wedding but I’m not in a hurry. + +Edit: I am aware that I used the formula wrong. Please stop telling me +Guten Morgen to this global band of Apes! 👋🦍 + +I realize that I made a mistake yesterday, and that JP Morgan did not specify that they expect a GME squeeze in particular. There are many stocks that tend to be grouped together when talking about squeeze potential, but GME is the only one that I feel truly merits attention. As such, I naturally expected them to be discussing GME, but given the fact that it's all a big fake-out there is a decent chance that they fake the squeeze elsewhere while driving GME down to try to get FOMO investors to abandon GME. + +Obviously, that's not going to work on us. We *know* that GME is the one true MOASS stonk. It's a great company, with fantastic leadership, big future plans, cash in the bank to fund their plans, huge short interest against a small float, and a huge portion of the float locked up via DRS. There is no way that the SHFs (or their prime brokers) get out of their short positions without incurring enormous losses. We Diamantenhänded Apes like this stock, and there is no way that we FOMO out during their fake squeeze. + +Meanwhile, reverse-repo continues to set new records daily, and well ahead of the end of the quarter. This may be the warchest they'll deploy against us. It might get ugly, but stand firm in your resolve. + +Let's change the system forever. + +Today is Tuesday, December 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$157.19 / 139,44 €** *(volume: 1404)* +- 🟩 115 minutes in: $157.19 / 139,44 € *(volume: 1350)* +- 🟥 110 minutes in: $157.00 / 139,27 € *(volume: 1187)* +- 🟩 105 minutes in: $157.12 / 139,38 € *(volume: 1180)* +- 🟥 100 minutes in: $157.03 / 139,30 € *(volume: 1179)* +- 🟥 95 minutes in: $157.12 / 139,38 € *(volume: 1146)* +- 🟥 90 minutes in: $157.13 / 139,39 € *(volume: 1132)* +- ⬜ 85 minutes in: $157.31 / 139,55 € *(volume: 1111)* +- 🟥 80 minutes in: $157.31 / 139,55 € *(volume: 1046)* +- 🟩 75 minutes in: $157.48 / 139,70 € *(volume: 1046)* +- 🟩 70 minutes in: $157.44 / 139,66 € *(volume: 1046)* +- 🟥 65 minutes in: $157.39 / 139,61 € *(volume: 998)* +- 🟥 60 minutes in: $157.47 / 139,69 € *(volume: 960)* +- ⬜ 55 minutes in: $157.48 / 139,70 € *(volume: 959)* +- 🟥 50 minutes in: $157.48 / 139,70 € *(volume: 911)* +- 🟥 45 minutes in: $157.58 / 139,79 € *(volume: 910)* +- 🟩 40 minutes in: $157.82 / 140,00 € *(volume: 895)* +- 🟥 35 minutes in: $157.77 / 139,95 € *(volume: 895)* +- 🟩 30 minutes in: $157.93 / 140,10 € *(volume: 895)* +- ⬜ 25 minutes in: $157.82 / 140,00 € *(volume: 647)* +- 🟥 20 minutes in: $157.82 / 140,00 € *(volume: 637)* +- 🟩 15 minutes in: $157.85 / 140,02 € *(volume: 520)* +- 🟩 10 minutes in: $157.78 / 139,96 € *(volume: 120)* +- 🟥 5 minutes in: $157.74 / 139,93 € *(volume: 94)* +- 🟩 0 minutes in: $158.22 / 140,35 € *(volume: 75)* +- 🟩 US close price: $157.14 / 139,40 € *($157.25 / 139,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1273. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +The government is pumping out the biggest stimulus* in the history of Australia with Jobkeeper, JobSeeker, business handouts and the like, but are people actually spending? + +Seems like more people are simply saving the money to have more liquidity or are paying down existing debts as a precautionary measure during this crisis. If that is the case, wouldn't that just lead to a self-fulfilling prophecy and drag out this downturn even longer? + +Another thing to note is that it's all well and good to have this money coming through, but when most places are shut down, where is the government expecting people to spend this money? + +*stimulus/spending/whatever semantic you use in your argument +Ya’ll !!!!!! Jobs are income that allow you to HODL!!!!! What if you quit and then get in a car wreck or need money ASAP all of a sudden!!! Don’t put yourself in that situation, for your future and other GME HODLERS!!! Seen too many posts about resignations to ignore! PAY YOUR DUES NOW SO YOU CAN HODL AND NEVER HAVE TO PAY THEM AGAIN! End of rant. +[A tweet making the rounds of an email received by a Peloton user](https://mashable.com/article/peloton-treadmill-monthly-subscription-required-just-run/) is showing that Peloton is no longer going to allow use of it's "Just Run" feature on it's Tread units without a subscription. + +This is absolutely TERRIBLE for Peloton. Effectively, they will be bricking treadmills if you don't subscribe. Some places, like Australia, have consumer laws regarding this. Effectively, the device no longer matches the provided description so you are entitled to a refund for up to 3 years after purchase. + +Little news circulating about this at the moment. +I'm 30 years old, married and with a small kid. I work for my father and get minimum wage. I live with my parents and don't know what to do... I think my father likes to me being around. He loves my kid, but my wife doens't like this situation. We have a lot of conflicts, here where I live we dont do much with minimum wage. My parents support me, my wife and my kid. They pay for my wife education and my kid's. I like this but need my independence and I don't know how i can get it. Maybe I need another job or rent a house, but with my salary we can't. I work from 8 am to 5 pm sunday to sunday. When I need some time off, he gives me! I don't know what to do + +Edit: Im from Brazil and our minimum wage is about 220 dollars a month. My father is not an abuser just to be clear. He never made me locked in his business + +2nd Edit: thank you Very much for the sugestions, I Will talk with my father and Will Tell everything that IS bordering me, and explain to hum what I have planned for my family life. I Will edit again with some news in a couple of days. Thank you Very much guys, I didnt think that I would receive a Lot of messages, Sorry for not answer all of them, but a read everything. Thank you guys again! +I knew absolutely nothing about how to create a token yesterday at 5 PM. By 6 PM I had created my own token and added liquidity on pancakeswap. I spent $4 to do this. + +I work in manufacturing. I am not an exceptionally tech savvy person. It's just that easy. + +This is a huge problem. The market is completely oversaturated with shitcoins named after a billionaire or dogs. + +It is not good for crypto, we look like a joke. + +&#x200B; + +End rant. + +Edit: I can’t reply to everyone. Most of you were constructive and kind. While I do agree with the sentiment that ease of use is a good thing, I do stand by my opinion that the crypto world looks like a joke right now and It is my opinion that if it was harder or more cost prohibitive to create tokens, the space would not be as cluttered. +As the [Kardashev scale](http://en.wikipedia.org/wiki/Kardashev_scale) + details, we would be in a transition from a type 0 civilization to a type 1 civilization. + +This means a global government which could be run by Strong AI, or any better system we create, and the fact that we are a all global citizens instead of national citizens. Basically we are becoming a global society and will eventually do away with nation-states. The internet is said to be the beginnings of a type 1 communication system. + +**Bitcoin is the birth of our type 1 currency system!** +For apes dealing with stress in relationships and the market, know that you aren’t alone. Covid hit us all damn hard. Our lives changed, our social circles got smaller. + +Relationships hurt. I’m not sure how I feel. It’s been 3 weeks since my gf asked for space, and I broke ‘no contact’ several times. I also tried asking if she started seeing someone else. Turns out by asking that I most likely fucked my chances of getting her back. But hey, we live to learn, grow, and move on through the pain. + +In a way my attachment to GME has also felt like a relationship. However GME actually loves unconditionally. Apes, we aren’t perfect, but we can change. With the MOASS eventually coming too, we can BE the change. + +If anyone else is going through relationship issues/breakups, know that you’re not alone. I’m hurting so much right now, but at least I have GME on my side. And so do you, fellow ape. Let’s continue to work on ourselves to either revive our relationships or to become happy in a new one. +I just got a call from my HR asking me if i put in an unemployment claim, stating that they were contacted by the unemployment office. I'm still working full time and did not file a claim. + +Am I a victim of identity theft? What do I do? Do I call my bank and let them know? +I just cut up 3 credit cards. I'm a waitress and summers are hard so year after year I max out my cards in the summer then have to pay down in season. Vicious cycle. Today that ends!. Thanks for letting me share, I'm feeling a little shakey over this so I needed to vent and know I did the right thing. Now to set a plan of attack to pay these down, thats another day I guess. + +Edit: Just want to thank everyone who took time to reply and give me advice. I needed all of it. I feel empowered now! +I’m not sure if this is the best place to post this but I figured someone here might have experience with it. I’m currently sitting on stock gains of about 1.5 Million dollars. I’ve read that if you live in PR for 183 days of the year you qualify for a 5% federal tax rate on previously appreciated gains and 0% on increases after you move in addition to no state or Medicare taxes. + +So if my understanding on this is correct, at this point I’m looking at roughly 300k in tax savings. I would be willing to actually move my family there for the required time and probably a bit extra without trying to do anything tricky to make it look like I’m living there when I’m actually not. + +Has anyone done this and if so what was your experience? +Well, if you know the username you already know that I was the one in the middle of that shitsorm. + +I am contacted pretty often from redditors asking how I am now, so I wanted to make an official update of my situation. + +So first of all, I'm good now, loan free, debts free overall and I even managed to make a new portfolio bigger than what I previsouly had. + +Long story short for the one who don't know about it, I was working in the UAE for almost 10 years, and in 2017, I took a big loan of 100 000$ to buy some shitcoin that dumped 98% on average such as Neo, Deepnion, Cloakcoin and so on... + +This was not the real issue as I was able to pay my instalments with my salary every months until the Covid-19 tragedy started and 70% of the staff got fired including me. + +From this moment, things went south quickly, with banks knowning about the situation and blocking people with loan from leaving the country with possible jail sentence if not paid on time. + +Anyway, I got quite lucky as some wealthy friends bailed me out with the 27000$ that was the remaining balance I had to pay, allowing me to leave the country and start fresh in Canada, plus an extra 20K$ in ETH (almost 100ETH in June 2020) from a very good friend few weeks later that I actually introduced to crypto and who did much better than me in terms of decision making at the time. + +To make things clear here, I paid everyone back what I owned them, even if some refused at first saying they didn't need that money and were more than happy that I recovered. + +So yes I am still involved into crypto with so much more experience than 4 years ago, and took good decisions when the price was around its top. + +I managed to paid my dad's mortgage with some of my profits and I even bought him his dream car that he could never have afforded. + +The morality of that story once again is to only invest the money you can afford to lose and NEVER take a freaking loan to invest in crypto! + +I was lucky to have an amazing and wealthy entourage and that will most probably won't be your case. + +Take care all. +This site sucks in so much of my time, it's become almost an automatic habit. I literally caught myself checking Reddit at a stoplight the other day. I love (and will forever be grateful to) this community, but after the MOASS I'll finally have the means to chase my dreams. My time will become infinitely more valuable than it is right now. So I won't let myself waste anymore of it reading memes. It's time to grow up and get shit done! + +Just wanted to share. Mods feel free to delete. Diamond hands mother fuckers! +https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf + +Made a post about this earlier but was too jacked, started typing in capital letters and got carried away🤣 + +Hopefully this one is a little clearer. + +If you don’t want to read the whole thing, the I recommend at-least reading the first 3 pages. You probably won’t be able to stop after then anyway lmayo + + + + +TLDR: During June and July of 2009 Deep Capture serialized a 48,000 word story about a network of market miscreants that includes disreputable financial analysts, prominent journalists, some of America’s best-known hedge fund managers, associates of the Mafia, and Michael Milken, the famous criminal from the 1980s. The story focuses on the travails of Dendreon, a company with a promising treatment for prostate cancer, but it describes market machinations that have affected hundreds of other companies, and it contains a larger message about the “deep capture” of our nation’s media and regulatory bodies. Now we publish the full, 15-chapter story as a single document…. +The conventional wisdom says that you should hold a percentage of stocks in your portfolio that is equal to 100 minus your age. In other words, if you're 40, you should have 60% in stocks. The flip side of this is that the other 40% should be in bonds. + +As life expectancies have lengthened, and I guess, risk tolerance has increased, some have modified this to 120 minus your age. So, a 40-year-old should hold 120-40 = 80% in stocks, with the other 20% in bonds. + +Me, I'm in my late 50s, I'm semi-retired, closing in on full retirement in about a dozen to fifteen years. My intention is to shift my growth ETFs in my retirement account, about $500K, mostly VOO and VBR over to dividend ETFs: + +* JEPI - (9% historical yield) about 40% of my entire portfolio +* SCHD - (3%) about 25% +* DIVO - (5%) about 25% +* JEPQ - (10%) about 10% + +When I fully retire, I'm looking to have this mix pay me about $6000-$7000 a month in dividends, maybe even $8000. No withdrawals from sales of stock, no 4% rule. + +My question is, what do I need bonds for? What's their purpose in a portfolio like this? I'll answer my own question (I think): To protect me from a market downturn. But since my plan is to live off significantly less than my dividends provide to me, I'm not so sure that that's important. + +Now, you may be quoting John Lennon and saying that "Life is what happens to you while you're busy making other plans." That I may need to sell some holdings off and make some withdrawals. Well, okay, fine, but that's only gonna reduce me for a little while until the market comes back. In other words, I'm in SCHD and DIVO for the growth, to keep up with inflation, to pay off those unexpected emergencies and bills. + +**Why do you need bonds?** +So ofc dividend stocks by themself you check a few things to decide if its the correct investment but when it comes to an ETF im getting a bit confused. What steps do you take to check if the ETF is worth investing in? SCHD is my main ETF atm and I have some SPHD but im reading that SPHD isn't worth keeping anymore. Can anyone please explain how to evaluate an ETF? If you have reccomendations it would be appreciated. +I was talking with a coworker who retired five years ago and decided to come back to work last year. They said there were two reasons - 1) they didn’t know what to do with their time and 2) the health costs ended up being $500 more per month than anticipated for a total of $2,500 / month. + +I was a bit surprised by the $2,500 / month number and started digging into the cost of insurance vs age and it seems that insurance is an expense that out paces inflation which made me curious how to consider a cost that would grow beyond inflation annually when it comes to finding your FI number. + +Using the 4% SWR (or pick your favorite number), which grows your total expenses at inflation, how much contingency would one have to add to account for an expense ($700 / month) that grows beyond inflation (6% a year until Medicare kicks in) assuming the rest of your expenses grew with inflation? + +*edited a typo* +Anyone here ever get audited by the ATO or know someone who did? Please share your story. It's a constant fear of mine, albeit irrational as I do keep meticulous records but I've got multiple IPs and a family trust with dividend income. Honestly, it's something I lose sleep over, every year during tax time. +Edit: And yes, this puts to bed FUD about shares still being "in the DTC" when you DRS, when you DRS if you look at the diagram - they are yours babayyyyyyyyyy. + +Hi All, + +Just an FYI, that ComputerShare updated their FAQs this morning based on questions that have been coming in. + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +If you could reply to this post with further questions outside of the FAQ they currently list, that'd be great. + +&#x200B; +It seems every here now just wants to buy today and sell tomorrow, thinking they'll make massive gains overnight. I've held penny stocks for over a year before they took off to 10-baggers. + +Unless you're chasing a momentum play or short covering, remember: sometimes, it takes time! For those riding out short coverings, once it blasts higher, that blast only lasts a short time because shorts only have a certain time to cover! + +Remember that, and then post your next winner for 6-12 months. +Well everyone, We’ve held this long. We have all made it this far. + +Not one single person I know has listened to me. No one I know has taken what I’ve told them about GME seriously. All of these events that have taken place ,especially in the last 6 months, of this journey are indications that were on the right path. + +I remember when I jumped on board in Jan 2021 at $40. The electricity of our combined and focused attention really produced some of the most interesting and unbelievable discoveries about the entities we are dealing with. The further we continue down this road, the more I realize just what a fucking giant behemoth we are actually going up against. This monster we are trying to subdue has claimed the lives of so many of our brothers and sisters. So many of our loved ones. We wake up and slave our entire life , just for the rug to be pulled over and over again. Every angle of our life is met with the creations of these parasitic scumbags. No matter where you turn, the effects of their greed and the depth of their depravity can be felt and recognized by all who inhabit this reality. + +They have said in the past that they plan to “crush” us. This , coming from the people who would literally trade a human life for money, should show us that the level of infiltration of our governing and regulatory bodies is now beyond the limits of our imagination. + +I’m a father of three about to move to a new state. I work my ass off everyday to possibly one day have my children make it out of this machine . + +My truck broke down yesterday in the middle of nowhere and I didn’t get home until 1 am. At this point in time I have devoted every last penny I have to the cause and drs all but one share. + +But now the matrix of control and every avenue of their corruption has reached down right into my little life and is in the process of crushing me as we speak. + +Love all you guys. Except the ones that are just riding the coat tails of this enormous undertaking . I wish everyone the best. No matter how hard you have held, they literally have the playbook of every single dirty trick and scheme that peels us away from our money. And they are tightening the straps as we speak. + + +Edit: glad this hit home where I hoped it would. Thanks for sharing advice and general kindness . +In last 24 hours while we all are waiting for a breakout, $725 million US Dollars have been liquidated. + +Last week were in 'extreme fear' at 48k. +Today, if we reach the same price point, we all will be bullish. + +In my honest opinion, +I know this is quite a rough start to the year, but 42,500 price point might be our bottom. +For long term, its always going to go up. + +This recent acceleration in sell-side momentum is getting BTC closer to a bullish trend reversal. + +On days like this one, +When you cant buy a dip, +Just keep your phone away from you, eyes off your red candle screens, and do something else today. + +Come a back after a day or two. + +Have a good day everyone! + +Edit - Well, bottom is still not in. Lol. +Hello all! + +Hope everyone is doing well. We had a nasty storm come through a while ago, and I had to be in a hotel while repairs where made, and then I lost some items that had to be replaced (food, etc). + +Renters insurance covered most of, if not all, of it. For the low price of 12 dollars a month. + +If you rent, please get renters insurance. + +On top of helping cover lost food, destroyed items, it also covers liability. Mistakes happen, it's part of being human. But with renters insurance, you are covered (check your policy/talk to an agent to see what exactly is covered) if you destroy property accidentally, or if someone accidentally gets hurt in your apartment. + +Renters insurance is insanely cheap, and can even be cheaper if you bundle it with other insurance, like car insurance. Something to def look into! I hope this helps some people :) +Look at the posts that have shown up here in recent days. 6 month ago it was all speculation and charts. Now it's people asking for guidance on how to accept btc in their stores, engaging with politicians, questions about lightning... we have gone from focusing on price to focusing on adoption and community. This narrative change happened back in 2019 too and its making me more long-term bullish than any news or TA I've hear in a long while. + +Change the mindset - change the market. +I've had this discussion with many people, and I would like to hear you guys as well. + +Most people say that China, with its 1.3 billion population, will surpass the United States as the biggest economy in a matter of years. While that may well probably be true, there are many factors that could affect the long term viability of such a fact, such as its soon-to-be declining population, corruption in the government, communism, pollution, etc. + +So I want to hear your thoughts about that question. +[https://www.fastcompany.com/90550015/we-were-shocked-rand-study-uncovers-massive-income-shift-to-the-top-1](https://www.fastcompany.com/90550015/we-were-shocked-rand-study-uncovers-massive-income-shift-to-the-top-1) +Hi all, I've worked all my life and now unemployed. My job was very specialized and it will be very difficult for me to get another job, though I continue to try everything. I'll be applying at the local Target store soon... + +That aside, I am interested in what you all think about investment opportunities I should consider. I have a single family rental, but it's definitely not income replacement. I consider the rental part of a retirement strategy. Aside from that, I do have some money I can invest. What do you think is the best investment opportunity if you have $100k - $300k to invest- both short-term and long-term opportunities? The investment funds is aside from an emergency fund I've always been good at keeping as I've always been the sole financial provider in my family .....please note I can't qualify for a loan right now as I am unemployed, so ideas would have to exclude the need for loan qualification. Thanks all in advance, I appreciate your wisdom! +Here is my situation. + +My checking's account is at -343.71, and my 9 year old brother spent $250.01 on games and $852.39 in overdraft fees... + +I have a plan that I made by myself when my mother got me my first and current credit card. I work at my parents restaurant and I usually have $1k a month to my credit card and the rest goes to savings, college money, etc. I use a transaction register booklet to record my transactions, recurring payments such as, IRacing, Spotify, Photoshop, or Discord. Last two months I didn't buy anything because I recently fixed all my brakes so I could do GDL (There's no way I'm going to pay for labor when I can learn and do it myself). I deposited money into my checkings and noticed that the balance was lower than usual. I waited 3-4 days but, it had gone down. I was recently thrown off my dirtbike into a canal (I rode safe.) so I thought I did some calculations wrong and thought that was because of my head hitting my helmet a little too hard on the rocky terrain. + +My mother didn't want me to link her bank account to google pay and our Credit Union Bank app because she thought my phone would get hacked. I would have to rely on deposit receipts and an occasional once in a life time opportunity to check all of my accounts on her phone. + +Just yesterday, I deposited $202.00 and saw my available and current balance on my account. MY ACCOUNT WAS AT -252.61. While my mother was at the restroom, I got her phone and checked my account, 10 or so overdraft fees from my brother's mindless zombie spending. I DISCOVERED ANOTHER 30 OVERDRAFT FEES. My 2-3 deposits were so perfectly timed that it was barely noticeable. Each overdraft fee is $20.79 … **$20.79**! I have since berated her to get her credentials so I myself could see what was going on with all of my accounts. We went to the bank, and here's what the overdraft were: 41 overdraft fees, and about $250 that my brother spent on games. I. This. Unbelievable. My brother has been leaching off of my hard earned money. In the past four days, he went on a spending spree. + +He knows know what he did wrong, and for a long time. I told him I wouldn't forgive him if he didn't help me or work for that money back. He is only 9 and I'm 16, so I don't think he can work but when he turns into the legal age to work at a family-owned business he's going to get that money back that he spent. I told him I would try and contact the companies and tell them what happened and hopefully get my money back. + +I don't know what to do from here, and I already cancelled my card so I wouldn't have anymore overdrafts. I am calling these companies: Masomo Limited, Banda Games, Halfbrick Games, PONOS Corp, Ninja Kiwi, Socialpoint, 505 Games. I will try and read all of their policies and Terms and Conditions. I have the deposit dispute provisional credit and the bank along with their 3rd party, Visa want to see me make an effort to fix all of this. + +This all happened in the same household, so the Loan Officer that we talked to didn't sound too optimistic about this situation. + +Help. +Yesterday I made [this comment](https://np.reddit.com/r/ethtrader/comments/6hb4cx/why_so_much_panic/dix2zpi/). + +Anyone who has even a little experience in crypto could tell you this was bound to happen. We were up roughly 20x since March-- an insane rise. At some point traders are going to take profits, particularly at [points of resistance](http://i.imgur.com/FgpWhLU.png). So many on this sub hate on TA but this is a prime example of why it's important to at least understand the basics. At best you would have made an amazing trade, at worst you would be able to stay calm in moments of "wtf why is the price tanking?!?!". + +We currently pulled back ~50%, but it's still possible we see one more dip. Do I think we are going to sub 100's? Unless something fundamentally catastrophic happens, absolutely not. + +Everybody relax, let the market do its thing, and HODL. Ride this out and you will be rewarded in a relatively short amount of time. +Beware of unsolicited furnace inspections in the winter. Unscrupulous companies will "Red Tag" and disable your furnace to try to pressure you into replacing it. Sometimes when there is little/nothing wrong. + +**STORY** +So my wife and I live in a house built in 1915 that we bought in 2010. When we bought it we knew the HVAC was middle aged (say ~98/99), but it still ran fine. We have had to have people out to do minor repair on the furnace twice, and I think had one duct cleaning, as well as a variety of plumbing work. + +Well one of the companies that has done work for us in the past contacted us out of the blue about a month ago looking to schedule a free furnace inspection. That seemed slightly suspicious, but sure why not. + +So they came out and did the inspection, found two cracks in the heat exchanger which could lead to carbon monoxide leakage. They did show me the cracks on a boroscope, not just on their phone. One was in a non critical area, and the other was absolutely minute (I have done a lot of research since). + +So they tell me they need to "Red Tag" the furnace and that they are going to disable it. Keep in mind it is about 5*F out and we have a 3 month old. I put up some fuss and they have a second more senior technician in to "do some more tests", and he confirms that they are going to disable it. + +But they are generously going to bring me some space heaters for us to use, get me a quote on a new furnace, and show me how to re-enable this one if I absolutely need to (but that I would be accepting full liability if I restarted it). + +Well they of course do get me the quote for repair that is more than a new furnace costs. And by say hour 5 or 6 in my house made a quote on replacement that was very high. But I told them I needed to think about it, so they left without ever showing me how to re-enable the furnace, though they did leave the space heaters (probably legally obligated to). + +I asked for and got some other quotes from some other companies, one of which was roughly half as much, and I also got a second inspection. This one said the heat exchanger was fine and that the very light cracking was pretty typical for a even 8 or 10 year old unit, much less a 16/17 year old one. Most importantly they did actually test for carbon monoxide leakage and found none whatsoever. There was less in the house than outside, and the biggest source in the house by far was our brand new stove. + +When I confronted the original company with this information they admitted they just assumed it was leaking, and didn't actually test the air. + +So while we are going to need to replace the furnace in the next couple years, it does not need to be immediately, and it is not posing any danger to us. If you search around online (which I did) you can find a lot of articles about this type of "scam". + +**TLDR** +Always be suspicious of free or unsolicited anything. +Always get multiple quotes, and if preferable, word of mouth recommendations. +Make sure anyone "red tagging" your furnace actually tests for carbon monoxide (which they are supposed to). +Last week I sold a cash secured put on AMC for a strike price of $3 with an expiration date of 11/13 (edit: typo of 11/3). When the market closed yesterday (Friday), AMC was at 2.98. During the trading day it was never over 3. + +However, it appears that I have not been assigned any AMC stock. I noticed that in after hours trading, AMC increased to 3.20. + +How come I was not assigned on AMC? + +I had four other cash secured puts, and all of them have been assigned and I now own stock in these four. I now have no open options. It seems like I haven't been assigned and I won't be assigned. +if you get assigned the stock, why do you hold the stock and sell calls, instead of just selling the stock and continue to sell puts. it seems like puts is a better strategy bc if the stock goes up you can buy back the put and sell another put. if the stock goes up with the call, you're SOL. I get the sense the reason people hold on to the stock to do the wheel is out of " it's not a loss if you don't sell" mentality. the wheel strategy seems a bit of a cope. if it's not, I'd like to hear if you have a well thought out and data driven reason as to why calls are better than just continuing to sell puts +Got 2k Canadian to spend , not a fan of the market currently but looking to make some weekly money. Was thinking about Mara or riot to get some crypto exposure. Thoughts? +Let's just remember that the majority of TSLA poll voters (like me) are not even stockholders. Heck, I am not even a USA citizen... Why the majority of random internet users should even decide on such an important matter which will affect the majority of real stockholders? +I'm excited and just wanted to share with someone. + +After starting around this time last year, I finally have my 6 month emergency fund saved up. + +It would actually be even higher (around $24,000) but a few emergencies came up along the way, which only reinforced my wanting to get an e-fund setup. + +Some might think it's too much, but I'm going to shoot for 12 months' worth of expenses put aside. + +(And technically, planning for $3k in expenses per month includes a $300 cushion, so it will be a little more than 12 months worth) + +**A few (obvious, but helpful) things that helped me along the way:** + +* Last year, I used a tax refund to pay off the remaining ~$4k of an auto loan. Rather than enjoying not having that monthly payment anymore, I've continued to put the same amount in savings each month. + +* Similar to that, once the payments I was making to help my fiancee with her car were no longer necessary...I continued budgeting the same amount each month, putting it in savings. + +* I kept hearing about the rule of saving 10-20% of your income ("paying yourself first"). So I decided on a certain percentage and use that as my base amount of savings each month. + +**Note**: Just making this conscious decision to save a certain percentage each month and treating it like a due bill was a HUGE mindset shift. + +I went from having a decent salary but somehow living check-to-check, to suddenly "finding money" and saving a nice chunk (~$900) as a baseline each month. + +* Whenever at a store or shopping online and thinking about buying stuff I don't actually need, I would consider if it was actually necessary or not (usually isn't!). However, since I already had that "twinge" in my brain that I was going to spend the money, rather than leaving it sit in checking to potentially get used up somewhere else unnecessary, I transferred the amount to savings. + +* Know the ol' change jar? Just for fun, I setup a secondary savings account (within my main one). At the end of each day, I would use my online banking to check my checking balance and round down my current balance to the nearest dollar or two by transferring it to this sub-account. For example, $102.37 might get rounded down to $102 or even $100. Over the full year, I saved an extra ~$380 by doing this. + +* I stopped paying retail for as much stuff as possible, including groceries. Simple stuff like going when meat is still fresh but marked down because it is expiring the next day, sometimes subbing fresh produce for frozen, checking out the discounted section where stuff is around 70% off just because the box got dented. + +(Maybe I should also coupon, but I don't.) + +* The more controversial one (wasn't necessary for savings, but was a fun way to do so on occasion): I also got into occasionally going out and dumpster diving. It's not for everyone, but it's not as gross as it would sound. [Found everything from food and household stuff](http://imgur.com/a/wXTnU) (ex. a year's worth of laundry detergent because one bottle got damaged and leaked all over the others), to other stuff that could be donated or sold. + +(Check out /r/dumpsterdiving if you'd like) + +* **EDIT**: I forgot one other really useful thing I did: I wrote down all the monthly bills I have, and then estimated the "worst case amount" for things like my utilities. I then took all the bills and the budgeted amounts and put that into a spreadsheet. Then, I created an extra column for the "actual" amount (this gets plugged in when you get your actual bill). Then, made it so that the "budgeted amount" subtracts the "actual" amount and shows the exact dollar difference. + +Ex. Budget for water bill: $100. Actual bill: $63.45. The spreadsheet would spit out "+$36.55" as the difference, and do that for all bills, giving a total amount. Since I already budgeted worst case and planned on not having that difference, it also went into savings. + +* **EDIT 2**: Someone asked about this spreadsheet, and I promised to upload it and come back with a link. However, I can't find that comment now, so I'm going to put a link here. It was created in Numbers (Mac), but [hopefully the Excel version I exported](http://www.filedropper.com/monthly-difference-calculator-xl) works. If there's a better site I can upload to, please let me know. + +[Here is the Mac version, too.](http://www.filedropper.com/monthly-difference-calculator) . Where "$108.53" is, is where the difference/total amount of money not used as part of the budget is shown. + +I'm sure I'm missing some stuff, and I know this is all very simple, but it's what has worked. + +**Discussion**: what is your emergency fund goal? How close are you? What are your tips or habits you use to save more money? + +Cheers! + + +**Part 2/2** + +Much obliged, u/grungromp. Really appreciate you taking the time to mod this sub. + +**Link to 1/2 -** [https://www.reddit.com/r/Superstonk/comments/ptwy8m/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptwy8m/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +Link to 1/2 on profile -[https://www.reddit.com/user/MarkLawH/comments/puri7e/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/user/MarkLawH/comments/puri7e/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +**The Black Hole of Opportunities** + +With Huawei executives still traipsing from studio to studio trying to execute a PR plan they’d clearly had no training in and exhibit charm they were clearly never born with, some began to wonder whether Deng may have made a slicker job of calming world jitters than his successors. After reading the room for a while, Xi Jinping stood, made eye contact with every single Chief Executive worldwide, then began to calmly and patiently explain the concept of ‘capitalism with Chinese characteristics’ by taking a wrecking ball to his own economy. In he stepped to quite deliberately dynamite Jack Ma’s $38 billion Ant IPO, which had $3 trillion in orders. In he stepped to quite deliberately eviscerate the perfectly viable Didi, fresh from a $68 billion valuation. Macau, a great deal more valuable than Las Vegas in terms of revenue and a taxation goldmine, saw $18 billion wiped from casino stocks as the government vowed harsh new regulations and licensing laws. More regulatory, tax, and social clampdowns came thick and fast. Kids are now restricted to two hours of videogames a week by **law**, tanking associated stocks, including the vast Chinese interests. Children now have to login through **police fucking databases** to play Fortnite. And you know who designed and manages that system? The nice people at Tencent. Who, by the way, also own a huge chunk of Fortnite that we decadent Westerners allow to rot our children’s synapses for a lot longer than 2 hours a week. And you know what? I spend a lot more time talking seasons and skins with my kids than discussing authoritarian regimes and investing for their futures. Pow. One more in the win column for Xi. Private education companies – patient zero, the original ‘skirmish’ – were told to re-register as non-profits or face ‘de-listing’, wiping billions from going concerns like TAL and Yuantiku, fresh from raising those billions in the US to inflate values which were then used as collateral for loans from US banks. See how the game works? + +Here’s the rub; the Chinese government restricts videogames for children, whilst at the same time making extra online schooling free. What is any right-minded parent going to make their child do with all that extra free time and bandwidth? Yup. This was Deng’s 863 Program for the TikTok generation. But at the same time, the companies who implement and monitor this are buying up vast amounts of shares in US videogame developers to keep our kids quiet, happy, and stupid. + +Then there’s Ali-fucking-baba. Apart from openly facilitating the sale and distribution of the estimated 70% of counterfeited goods worldwide that originate in China, Jack Ma, one of the world’s richest Communist Party members is alpha testing his **own system of social security**. Supposed to be up and running last year, the Chinese government is mashing together data like your shopping habits, friends, credit score, criminal record, and fingerprints to generate a user ID, “a single scoring system assessing Chinese citizens’ economic and social reputations, which can affect travel allowance, school choices, work, etc.” The number assigned to you – not your name, you no longer have a name – can then be entered into a national database that will produce a forensically detailed record of your entire existence and how fucked you are because of it. If that doesn’t sound like some cold-blooded Orwellian shit to you, then you, my friend, might be a sociopath and/or a Risk Manager. Due to Covid, status unknown, but Jack Ma is not shy in talking about his belief that data capture by Alibaba can help his government ‘deter crime’.. With the exception of counterfeiters, probably. + +Why did Xi kill the Ant deal? Ma had the temerity to suggest, in a roundabout fashion, that ‘regulators’ – the PolitBuro – might be a little old to *really* understand youth markets. Perhaps without even realising how radically he’d gone off the reservation, Ma was summoned and forced to watch as Jinping put a gun to his newborn’s head and coolly pulled the trigger. $3 TRILLION in orders. The IPO’s suspension is estimated to have personally cost Ma $3 billion; a loyal Party member, a servant of the cause. Don’t try and bend the spoon, Jack. That’s impossible. Instead, realise the new fucking truth: you, money, the whole fucking market, is just a tool, a means to an end in a much larger plan. Now get the fuck out of my office. + +What did Didi do wrong? In all likelihood, not much. In fact, they probably did everything *right*. They took tens of billions of dollars from the likes of Uber and SoftBank, with the stroke of genius being that, having already cost the Japanese firm $4 billion, SoftBank then also dumped their shares in Uber to cover the losses on Didi. But wait, there’s more! Uber had handed over their **entire** Chinese business in exchange for equity in Didi, with the mainstream media crowing that Jinping was punishing Chinese companies for US IPOs. Communists so stooopid LOL. Look at the facts; lots more money, no more Uber. Ride hailing apps. *Biiiiig* fuckin data. + +Tencent? Well, their expertise is writing the adaptive algorithms that power Chinese state censorship, the Great Firewall that’s scanning this and everything else written about China on Reddit, amongst some other very shady shit. But they’ve also been tasked with playing a different string on the zither entirely. CEO Ma Huateng’s job is to spot the next generation. He’s scouted and executed strategic investments in what some estimate is anything from 800 to 1000 startups, each and every one of them now in hock to the government. Jack Ma was on stage with a mic, hyping the crowd, Xinping’s Flavor Flav. Didi CEO, Cheng Wei, is ex-Alibaba, a company man and expert administrator. Huateng’s the dude in the skinny tie and Raybans, cross-legged in a leather armchair, smoking, watching. Nouveau champions, nouveau riche. + +And then there’s Evergrande. The real estate behemoth is now insolvent, has suspended trading of bonds, and is expected to default imminently on many of its vast obligations. This is where contagion can burst like a supernova, as there are nearly 300 institutions on the hook for Evergrande’s debt, including BlackRock, UBS, Ashmore, and Legal & General. The majority of those are Western banks and pension funds, but literally **no financial institution worldwide** is outside the event horizon. Notwithstanding Evergrande’s debts being $300 billion, a staggering 2% of China’s GDP, the company also has a permanent staff of 200,000 and hires over 3.5 million contractors a year, so this outfit alone will be responsible for some sizeable blips in not just China’s but the *world’s* employment numbers. But here’s the thing; Xi Jinping very, *very* deliberately caused this by enacting corporate debt restrictions for real estate companies that he knew full-well many of China’s largest developers were already trading irretrievably in excess of. As of now, the government, possibly needing a sit-down and a protein shake after their sustained bloodletting, remain impassive, saying there will be no bailout of the stricken corporation, even though it will likely crater the entire housing market; residential and commercial. And this must be stated loudly; the Chinese were *really* getting into buying off-plan, so the first money to evaporate will be the deposits of hard-working individuals, not corporate slush funds. If CPCG and SOHO China are the next dominos to fall, particularly after SOHO switched from a build-to-sell to a build-to-hold strategy – and how unlucky is *that* timing, right? – this could mean their huge portfolios of real estate, much of it ultra-prime, could potentially be rendered worthless. + +See, some commentators are saying there is no conspiracy here, that this is simply the cyclical result of overspeculation. The Shanghai stock market had surged 150% in the 12 months leading up to the crash. It was too hot. This was *iiiii*nevitable. Others are asking why the authorities aren’t doing more to arrest the panic, as, at the time of writing, more than 1000 shares and bonds have been suspended to stem the sell-off and avoid loan defaults calculated against sky-high valuations. Sure, they cut interest rates and spread a little bailout money around, but 80% of investors in China are retail, and they’d been ‘encouraged’ to take out loans to play the markets for years, consumer credit that the government allowed to be cheap and barely regulated. The third camp is asking why on earth the Chinese government would deliberately pull the pin on this and then calmly walk the grenade into a missile silo. Nothing is accidental. + +**The Rug Pull** + +Now, my opinion, for whatever it’s worth, does require a little tinfoil work. But here goes: A large cadre of hardened Marxist-Leninist revolutionaries fight tooth-and-nail for a century for the Communist cause, a struggle that sees millions of their comrades die in wars and famines. They are mocked and marginalised for decades after suffering a hundred years of military defeat, national humiliation, invasions, foreign control, and atrocities. Then this most controlling of regimes permits the coronation of an alleged economic reformer, despite twice purging him in the early days for not being radical enough. Not purged and imprisoned for life or purged and murdered like the others, but purged only to be repeatedly re-invited to the top table. His open doors/open arms policy and stunning early returns start to suck money into a centrifuge that is gaining momentum. More foreign money goes in. Even more Chinese money comes out. The institutions are convinced, and the money centrifuge is approaching black hole status. The Chinese government watches, taxes, calculates. + +A new helmsman, Xi Jinping, takes the wheel. Over this period, cyberattacks worldwide rise to unprecedented levels and large data breaches are daily occurrences. It’s no secret that the NSA and GCHQ are tracking a large number of these back to well-funded hackers in China. What if China intended this crash all along? What if letting their market fall by 30%, real estate by more, insurance and financial services by still more, is just the beginning, because the short term simply doesn’t matter to them? The losses are predicted, within tolerable ranges, and all part of a plan. Then, when things are at their bleakest, the Chinese government appoints state-run administrators for each and every one of these distressed entities, these smoking, bullet-riddled hulks. They casually amble around the assets with their clipboards, puffing out their cheeks like decorators pricing up a job, then offer dollars – possibly *cents* – on the square foot for what Evergrande and SOHO paid thousands on the square foot. They shuffle off to make the same offer to manufacturing, automotive, finance. They say that the state rescue offer will be equity based. They’ll own the land again and they’ll own large chunks of companies dragging themselves back to profitability. + +Let’s go further than that. Let’s say that the brutal repression we’ve seen in Hong Kong is not the end of this British-built bastion of the international free market, but the beginning. Draconian new laws are seeing nonviolent protestors arrested, the free press shut down, sinister military units and plainclothes secret police violently dragging away protestors, dissidents jailed for decades, for **life**. Running for the Executive Council as a non-Communist Party member and hardcore loyalist is now impossible and religious clampdowns on the former colony have begun with cold, frightening efficiency. What if the Chinese government has a plan to underwrite loans to the companies crying out for credit? Not just in China, but worldwide. They now have equity **and** a large share of the corporate and consumer credit market. What if the Chinese banks with large domestic exposure ends up being subsumed, trillions in seized assets of foreign origin then coming under the control of the government? The Chinese government, remember, have one of the most awesome financial weapons on earth at their disposal; the ICBC. The Industrial and Commercial Bank of China doesn’t function as a central bank; that’s the job of the Party. The biggest bank in the world, with $4 trillion in assets, is a state-owned commercial lender. Before Brexit, people said financial institutions didn’t **have** to leave London. What if those same institutions simply **can’t** leave Hong Kong? + +By this point, Western banks are caught in a terminal whirlwind of sell-offs and write-downs, desperately trying to cover their now-worthless positions in China with a fire sale of US and European equities, bonds, and commodities. Pension funds are having a collective aneurism, the futures of millions mortgaged not against the failure of China – that ship has sailed – but now invested in the **rebirth** of China under the total and absolute control of the Party. They’re locked in. Maybe for generations. Possibly forever. Debt is downgraded and downgraded, B to CCC to D, descending to junk status. Once-mighty corporations are humbled. Lenders become borrowers. Time horizons might just be very different concepts between East and West. + +**Once in a Lifetime Opportunities** + +These are the catalysts I’ve talked about before for GME MOASS; a series of large international crises in quick succession that pull focus – and cash – away from a battle to keep downward pressure on the price of one stock (or at least a TRS basket), and into a more existential battle. I believe this will then make GME stand out as a safe haven and money will begin to flow inwards while the SHFs are looking away, another front opening up where the existence of a greater number of larger institutions are at stake with bigger players calling the shots. Shiller P/E, inflation, reverse repurchasing, (un)employment, stimulus tapering, and thus the mathematical probability of FTDs is made certain. + +In fact, frighteningly, a large redistribution of wealth in the West might not only be a welcome bonus in Xi’s game, it might just have been the game all along; sucking all the lifeblood out of Wall Street – perhaps Frankfurt, Sydney and the City, too – and rebuilding Hong Kong in his own image, with thousands of experienced financial professionals, now unemployed and feeling betrayed by central banks, who could quickly migrate to Asia and begin trading as soon as they’re at a desk. Better than that, Sotheby’s, Christie’s et al set up in Hong Kong *precisely* because of the vastly inflated prices that the champions were willing to pay for art, jewellery, and antiques. Sooo, basically anything you’d crack open the safe and tear up the floorboards to sell in an emergency is already gone? And you invested the returns in China? Fuuuck. Everything is deliberate. + +**Your Capital (Market) is at Risk** + +Everyone knows that the next epoch belongs to China. What nobody knew was that legally and illegally – ethereal concepts to the Party – the Chinese government has been concreting in the inevitable by funnelling billions into cyber attacks and datamining on a global, industrial level, whilst positioning themselves to be in total control of world credit markets from a financial HQ hand-built for imperial control then gifted to them by the UK, a state Chinese leaders have considered ‘hostile’ for centuries. They’re not interested in learning the same lessons as the West from Enron or Lehman or Credit Default Swaps or Iceland or Black Monday/Wednesday/Sunday. They were watching closely and calculating how they could be the ones pulling the strings, collapsing the pyramid of playing cards built by disparate foreign and domestic money managers before building it back on their own terms, no negotiation. + +The timing is perfect. Europe has been weakened by a generations-long campaign undertaken for them by Russia, their thuggish, money-hungry henchman-in-chief, at a time when the EU was perhaps the only potential candidate to counter the onslaught. The US has failed to learn lessons from 2008, leaving markets fragile and corrupt. COVID has left thousands of institutions scrambling to claw back losses, desperately looking for energetic markets that demonstrate any immunity whatsoever, particularly since Chinese-led calls for cryptocurrency regulation, having long ago banned it from domestic markets, have again made the West wary of DeFi and evaporated huge chunks of crypto mining. There’s simply no point in citing the international treaties, WTO rules, or legal statutes in place to counter this campaign, because those are a collective irrelevance to Jinping. The Leninists had a saying about the West; “They will sell us the rope with which we will hang them.” That’s Jiangxi Soviet. That’s Mao. That’s now. + +Still don’t believe me? Okay, look at the ‘other’ coming crunches; semiconductors and lithium. Oil was yesterday’s war, so China has taken a lot of that sweet foreign investment and heavily subsidised the entirety of its semiconductor industry whilst vastly outstripping the competition in mergers & acquisitions deals in the sector. The other three players in Asia, of course, are Japan, Taiwan, and South Korea, and China’s got major beef with all of them. None of these age-old foes can compete forever against massive state subsidisation. + +Lithium? China is the world’s third-largest producer and is estimated to be sitting on the fourth-largest reserves. You know what doesn’t need a battery and silicon chips? Toys your grandparents played with.. Fruit.. Not much else. But national footprint be damned. China’s Belt and Road Initiative, an undertaking requiring vision only gifted to cinematic supervillains, is not designed for school buses and commuters, it’s designed to move heavy plant machinery to those neglected parts of the world that have either been abandoned by the US, forgotten by the Europeans, or in whom the Russians have lost interest. Ask an Uzbek or a Tajik, and they’ll tell you that a whole bunch of airstrips and highways have been appearing, almost overnight and seeming to serve no purpose. Many shopkeepers in Mongolia have lithium, not tourism, to thank for foot traffic. Lithium/opium. But these things are not for *now*. They’re for soon. For later. For whenever the next unlucky explorer triggers the next fatal boobytrap. + +See, here is a plan coming together that’s been thousands of years in the making. By learning from hot wars in Europe, the Pacific, Korea, the Middle East, and the Cold War with Russia, Xi now knows *exactly* what it would take for the West to drop bombs – particularly nuclear-flavoured bombs – and financial and cyber crimes simply don’t pull triggers in London, Brussels, and Washington. + +The Chinese government know the people won’t mind being poor again because they’ve been poor before. Not historically, but in their own lifetimes. To them, it doesn’t matter if you’re the CEO of an e-tailer, or one of their packers; wealth comes and wealth goes. Only the cause is eternal. As a populace and as a government, their history – their *ancestry* – is taken very, *very* seriously in China. They also know that poverty, famine, and war are transitory in a way that will never be understood in the West. If the populace seems relatively indifferent to the despicable human rights abuses being committed against the Uyghur Muslims, Tibetan Buddhists, and practitioners of Falun Gong, it’s because, again, pain is transitory, and the State doesn’t permit them to be anything *but* indifferent. The government fosters the idea that these oddities and outliers simply haven’t made the rational decision to let the State decide for them yet. It’s just what happens when leaders have never been freely elected, and the West is misguided in thinking that this system, deep down, is not what the poor foreigner wants. We’re projecting our pathological hand wringing and worrying into an echo chamber. We’re hearing our own spectral, disembodied voices emanating from the depths of the cave and mistaking them for cries for help. + +The emperor’s mindset becomes a simple question of how he can require history to remember his dynasty as superior to those that have gone before. The body count is irrelevant. If empires have an average lifespan of 250 years, then 2026 marks the 250th anniversary of the birth of America. The British had a good run, so too the French and the Spanish, but the two World Wars put so many empires to the literal sword in making the typical error of overreaching in their quest for power that the lesson to learn was not to go searching for riches, but have others, with death knells tolling, deliver the riches to you. + +**Sweet tinfoil hat, bro. Care to join me in my bunker?** + +Soo.. Buy gold, right? On an exchange? Why? I’d be willing to bet that the commodities markets will be the most resilient to the new world order, but that’s only because commodities tend to be clunky, unwieldy, slow to ship. The ‘smart’ money is *selling* gold, and these sales will increase exponentially, making any gains temporary and resistance finite. Be-*caaaause* guess who’s doing all the buying? China! At a rate of about $3.5 billion a month since you ask. They’re shipping more that 900 tons a year to the mainland, because leaving it in some Swiss vault would be short sighted, and short sightedness is not their bag. + +Cryptocurrency? Decentralised things, particularly currencies, don’t sit right with Xi, and mischievous scamps playing super-fun games claiming Japanese origin alone could have added Bitcoin to Xi’s lengthy and largely inherited shit list. But not liking something is not a good reason to not want to control the world’s markets of something. There’s a very serious question of how much Tether is underpinning and/or manipulating the world’s crypto markets. Tether is owned by Bitfinex. HQ: Hong Kong. Registered Office: the Caribbean. Besides, the core components required in crypto are semiconductors and lithium, and soon we won’t have those. Not cheaply, anyway. Buuut.. you bought some NFTs, right? Cool. Go see the guy with the clipboard and he’ll quote you for the resale value. + +**Now All Your Bases Are Belong to Us** + +Xi’s predecessors were stone cold killers who built fearsome reps and unquestioning loyalty by leading chariot charges, bayonetting Japanese troops, and garrotting nationalists. Xi is a stone cold killer of a different grain, but the emperor’s purpose remains singular, and the message remains the same: Your entire economic structures, your national identities, the systems on which you rely, are totally and utterly meaningless. Sun Tzu, the famed general and strategist, said “The supreme art of war is to subdue the enemy without fighting”, and he was doing his best work during the Zhou Dynasty, the MVPs I was discussing earlier. Lesson learned. + +Douchebags from \[insert fund name\] keep asking in the financial media how serious these problems are for China. My question is how serious problems in China are for everybody else. Because problems in China and Chinese problems are very different things. But, by asking why anyone would want their growth to shrink back to 5 or 6%, they’re again projecting their own concerns, magnifying the weakness in their strategy. Not empathising. Not learning lessons. + +It’ll be in the comments that I’m some kind of Maoist shill. I’m not. I’ve lived my life as a decadent free marketeer, and I’ll die as one. What I’m pondering on is whether that will be on an island paid for by MOASS and the VIX, in a house I’m hopelessly upside down on with a weak set of spectacularly non-transferrable skills and unable to fund my flight to Lap Kok, or in a cave, trading my 1st edition Lugia holo for a hogshead of diesel and grading my potatoes B for battery and A for alcohol. Some will say that I’m not Chinese, I don’t understand. You’re right. And that’s exactly my point. Others will say I’m paranoid and dead wrong. One of those is true. One of those I hope is true. + +What can you do about this? Fuck knows. Learn Mandarin, I suppose. Personally, my money is in the certainties; GameStop and bear funds. + +The Chinese government may have won World War 3 without firing a single shot. Genius, probably.. But I’m not sure I want to be on the winning side. + +&#x200B; + +EDIT: Intro, thanks to mods +My wife and I (31m,32f) are looking to invest a sizeable portion of our combined savings. We’ve always talked about starting a property ‘business’ on the side of our day jobs which we could slowly grow over 10-20 years in order to retire early. + +The aim would be to put down a deposit on a property (flat/apartment) with value £90-100k (Dependant in value, we have a minimum 25%) and seek a commercial mortgage under a limited company set up. + +We believe we could then save personally and through the ltd company another 25% deposit within 18-24 months and do it again. Based on current rental values we expect to achieve gross yields of 7-8%. + +My questions to the community: +A) is property even worth it in the UK anymore? Whilst I’ve run our cash flow (with an optimism bias factor included) and the numbers show slow but steady gains, both through rentals and payment of principal, is it worth the effort? +B) we have investments in the stock market, through a S&S ISA, where I’ve achieved between 4-6% over the last 4 years mainly through a combination of dumb luck and good timing (ie investing the day after BREXIT announcement). Of course these will be opinions but which would you suggest will provide steadier returns over the 10-20 year period? + +Thanks for any insights! + + + +Abstract + +This paper examines the recent explosive growth of institutional investment in the single-family-residential markets and its impact on local home prices. Using a quasi-natural experiment in which investors purchased pre-packaged home portfolios, we find that average properties located within 0.25 miles of bulk-sold properties sell for $3,323.25 higher than homes located farther away. The spillover effect is greater for foreclosed homes ($8,494.52), homes with similar size as bulk-sold properties ($3,665.07), and homes in highly distressed neighborhoods ($25,047.81). Our results suggest that while institutional investors conceivably pursue opportunities in distressed real-estate markets, they also provide valuable liquidity which helps recover neighborhood home values. + +[Full Paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3324008) +Hello! House currently has disgusting carpets and we want to replace them with flooring throughout the home. + +What's the best thing to put down that will hold up to years of tenant abuse, spills, pet poop/pee, and won't break the bank? + +I would love any thoughts on this. Want to get it right the first time! +So I work as a call representative for a bank, I won't say which but it's a big one. And I thought I'd share some advice. + +If you have insufficient fund fees on your account try calling your banks toll free numbers and asking for them to be reversed due to hardship. Trust me when I say call reps are happy to try for you. In my bank a computer program does the response for us, but I've never seen it turn down a hardship request. Especially with this whole covid and local disaster areas. + +There is nothing that makes me happier than to give back money to people living paycheck to paycheck from a billion dollar company. + +Hope that this adcan make your holidays a bit brighter! +My aunt has been renting a single family home in Newton, Mass for over two years. She initially signed the lease for one year and has since gone month-to-month. The landlord cashed the deposit and a few rent checks initially, but has not deposited over 24 months worth of rent since then. + +My aunt works in finance and is aware that that money is not technically hers, and has kept it all in het checking account, so there is no concern about not paying the back rent. + +What are her options as a tenant if she decides to move? The landlord is obviously very hands off and we are wondering what responsibilities my aunt will have for any stale checks over 6 months old. +**New Update on the situation here:** [FALSE ARREST UPDATE: Rouge officer got me my stuff back, I will be leaving the region shortly and won't be returning. : povertyfinance (reddit.com)](https://www.reddit.com/r/povertyfinance/comments/yrp67y/false_arrest_update_rouge_officer_got_me_my_stuff/) + +\> + +I have never had such a horrible experience such as this. + +I am not from the city; I had come to do some work for a month as a favor for a good friend of mine and did originally think about staying. There's a lot of stores and things to do and I wouldn't have to drive distances to get anywhere because everything would be in close proximity to each other, but man I have been treated poorly (especially being black) since I got to the city, and the city jobs are also horrible in pay (I'll make a separate thread on that) which surprised me. + +I was shopping at a poorly upkept grocery store, where I was mistaken for another guy who had come by before several times and had stolen a few items in the past, I told them I wasn't from the area and I even said I had ID proving I wasn't from the area and they are mistaken, but they still called the police and when they arrived they immediately beelined for me twisting my arms telling me to not resist arrest even though I was clearly staying still trying to explain that I am not from the area, which they ignored, and drove me all the way down to the station. At the station, I had to empty my pockets and the cops searched my bag, they put almost everything from my pockets: Axe deodorant, my cell phone, my keys, receipts, in a small plastic bag. My wallet was not put in the small bag however, it was instead put it in my larger bag and then the cops took both of them away as I waited in a cell. + +Eventually it was established that I was not the guy they thought I was, confirming I wasn't from the area. I was then let go and given the small plastic bag with the items I listed above in it. + +But to screw me over, I asked if I can get my bag back and they said I can't because the staff in charge of that part of the department was not available to check it out and wouldn't be back until Monday next week because Friday is Veterans Day. + +I was told I was free to go, I asked them if I will be taken back to where I was, they responded that it's not their issue. I then asked to at least give me my wallet, which had $20, my cards, and my **ID** in it but **they refused,** and told me that they can't access the lockup until there is someone there to check-out the items. Which I personally think is a load of horseshit because they had no problem taking my bag into lockup so they should have no issue getting anything out of lockup. But they told me I needed to leave and refused to explain themselves. + +As a result, I ended up in the middle of who knows where without any way to get a Taxi, or being offered a ride back to the location I was picked up from, even though it was **THEIR** mistake!! I've been walking down random streets finding any wifi that's open to use google maps to at least find out where I am, turns out I'm miles away from where I was picked up from. + +In my neck of the woods, the police have the decency to drive you back to where you were picked up from if there was a mistake, or if you were witness. Doesn't seem like there's any decency in the city. + +**Please tell me none of this is standard and it's illegal. If it is what parts are illegal and what can I do to be compensated and hold these people accountable?** If it is legal, I will never move into any urban city ever, nope not even going to think about it. I am **especially** **suspicious** of how they put everything from my pockets except my wallet in the small plastic bag, put it in my bookbag, and then claimed they can't get my bag out of lockup because there's no one there to check it out. I suspect my stuff will be missing later by these crooks and should call my banks to cancel my accounts. **How can ya'll live in these places with low income and deal with all this garbage?** + +I may not know much about the law, but I am pretty sure these cops were in violation of the law. **Am I correct?** I also assume they aren't supposed to just throw you out in the street in the middle of nowhere when ***they*** make a mistake too right? Because if they are legally allowed to just wrongfully pick up someone or bring someone in for any other reason and just say "FU bye" that's not a police department to me, that's a mob protected by the state. +This guy literally became famous in the crypto world off of a memecoin tweet. How did some people consider this enough to make him some sort of crypto influencer/crypto god? + +I feel like the only people who treat him like that are memecoin supporters which speaks a lot about his crypto based audience. + +Most of his crypto related tweets are usually dumb asf and pretty cringe type of tweets. + +I feel like the only time he ever tweeted about something legit was his Hbar tweet considering Hedera at least has a freaking foundation that actually builds the ecosystem versus DOGE which has zero utility whatsoever. + +Dont ever label this man as an influential figure in the market. Its just cringe and makes the whole crypto community look pretty stupid in the mainstream market honestly. +I just absolutely don't get it. CPI is higher which is bad, yet the market is trading sideways and actually going up. I just don't understand what exactly is going on and what the market outlook will be. + +&#x200B; + +(I own SQQQ BTW) +Most of you folks probably know this already, but this was a sad discovery for me this morning. I have a 10K dividend producing portfolio that’s 1/3-1/2 REITs, all in a taxable account 🤦 + +Might be great for income if I need it, but for compounding for the future that sucks! Time to reallocate… + +Edit: Thanks for the award! Happy to give something (however small) back to this community. +**Edit**: On March 25, 2014 the IRS released Notice 2014-21 addressing the taxation of bitcoins. This post was updated on March 26, 2014 to reflect the IRS's positions contained in the Notice. + +********************************* +**Introduction** +********************************* +I've noticed a significant amount of uncertainty around here about the taxation of bitcoins. In effort to provide some guidance , I've compiled some of the most common questions I've seen and tried to provide straight-forward, easy to understand answers. I am a tax attorney, but there is so much uncertainty surrounding bitcoins that I expect some people to disagree with one or more of my conclusions. If you have a contradictory opinion, please share it. We would all benefit from an educated discussion of this issue. + +Keep in mind this post is intended for a layman audience. If you are a tax professional or want a detailed examination of this topic, you find this post lacking. Please don't nit pick this post with technicalities or narrow exceptions, I purposely excluded such nuances for the sake of readability. + +I should note that this post does not address aggressive tax planning strategies. Such strategies are a lot of fun to discuss, but they do not belong in this type of post. If you are interested in such strategies, perhaps we can make a follow-up post on another day. + + + +******************************* +**Legal Disclaimer** +******************************* +This post was created for general guidance on matters of interest only, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a tax professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post, and I do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this post or for any decision based on it. + +CIRCULAR 230 DISCLOSURE +To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. + +THE AUTHOR +Tyson P. Cross is a tax attorney in San Diego, California representing individuals and businesses with tax issues related to Bitcoin and other cryptocurrencies , including tax return preparation, tax planning, and FinCEN compliance. He can be reached at Tel: +1 619-786-0641 or Email: tyson@BitcoinTaxSolutions.com. *(this information is to ensure I am compliant with attorney advertising rules).* + +*********************************** +**Topic 1: Realization** +*********************************** + +**#1: Are gains on Bitcoins taxable?** +Yes. This is one of the only unequivocal answers you'll find in this post. All income is taxable, regardless of source or form, unless the Internal Revenue Code specifically states otherwise. Bitcoins present a lot of interesting tax questions, but whether gains are taxable is not one of them. + + +**#2: When do my gains become taxable?*** + +Gains are taxable in the year they are realized. Realization occurs when you exchange bitcoins for any type of other property; such as cash, merchandise, or services. This includes everything from haircuts to yachts. Essentially, any transaction involving Bitcoin is a realization event and triggers taxable gain. *Note: IRS Notice 2014-21 expressly confirms this treatment.* + +Because I've seen a lot of misinformation on this point, I want to make myself perfectly clear. If you own bitcoins that have appreciated in value, you cannot use them to purchase goods or services without realizing gain. Such a purchase is an accession to wealth. It puts you in the same position as if you had first sold the bitcoins for cash and then used the proceeds to purchase the goods or services directly. Yet, one would be a taxable transaction while the other would not? The IRS would never tolerate such a blatant loophole, and neither would the courts. In fact, this exact argument has already been rejected for other types of assets. The outcome for bitcoins will be the same. + +Unfortunately, this has some serious implications for the future of bitcoin. I have to question the effectiveness of bitcoin as a medium of exchange when the user has to calculate his or her tax liability on every single transaction. As the saying goes, the power to tax is the power to destroy, and this is no exception. + +*Note: There is a code section that might provide some relief here, but only if bitcoins are categorized as a foreign currency. Under this code section, the use of bitcoin to buy goods and services would be tax free as long as the transaction was personal (i.e. not for business or investment) and did not generate more than $200 of gain. Unfortunately, the IRS ruled in Notice 2014-21 that bitcoin is not a currency for tax purposes. So, this code section is inapplicable unless the IRS changes its position sometime in the future.* + + +**#3: What if I sell my bitcoins but do not withdraw the proceeds from the exchange?** + +It doesn't matter, your gains were realized the moment you sold them. It is irrelevant whether the proceeds from the sale are kept in your bank account or your exchange account, you still have a realized gain for tax purposes. + +**#4: What if I exchange my bitcoins for altcoins?** + +This is a fair question and implicates what is known as a "like kind exchange." Like kind exchanges do not trigger realization, and therefore are tax-free. Although it's technically possible for bitcoins and altcoins to qualify for-like kind treatment, I think it's exceedingly unlikely. The regulations for like kind exchanges require the two property types to have the same rights, characteristics, and obligations. Whether altcoins and bitcoins meet this test is uncertain, but I would tend to think not. ~~Additionally, if characterized as a foreign currency, bitcoins would be automatically barred from like-kind treatment anyways. Thus, there are two significant legal hurdles that must be overcome before bitcoin and altcoins can qualify as for like-kind status.~~ Although nothing is for certain when it comes to bitcoins, I'm fairly confident that like-kind treatment will fail at one or both of these hurdles. Thus, I would not suggest that you try to qualify such a transaction as a like kind exchange until further guidance on this issue is given by the IRS. + +*edit: IRS Notice 2014-21 concluded that bitcoins are not a foreign currency, therefore it is possible that bitcoin can qualify for like-kind treatment if the "rights and characteristics" test is met.* + +**#5: So how can I avoid realizing gains on my bitcoins?** + +The only way to avoid realization is to hold your bitcoins without selling or exchanging them. If you were hoping for a different answer, I'm sorry. Whether you decide to actually report you realized gains is of course a different matter, but as far as the law is concerned, you have realized gains upon any sale or exchange of your bitcoins. + +**#6: How does the IRS know about my gains?** * + +The IRS only knows what it is told. This means that it has no knowledge of your bitcoin transactions unless someone tells them. Here are four way that can happen (others may exist). + +First, your bitcoin exchange or payment processor may report your transactions to the IRS. This would be done with a Form 1099, which you’ve probably encountered at one time or another in a different context. However, it does not appear that bitcoin transactions are currently subject to the 1099 reporting requirements (although that will probably change). Thus, unless they voluntarily file a 1099 against you, it is unlikely that the IRS will receive a report of your bitcoin transactions. Note that they would need your social security number to file a 1099 in your name. *Edit: IRS Notice 2014-21 clarifies that "payment settlors" who convert bitcoin payments to cash for merchants will have to file 1099s. IF you are not a merchant, than this does not impact you.* + +Second, your bank or bitcoin exchange might file a Suspicious Activity Report ("SAR"). US banks and bitcoin exchanges are required to file SARs for wire transfers that are “suspicious” and larger than $5,000 ($2,000 in the case of bitcoin exchanges). The meaning of “suspicious” is very vague and highly discretionary. Out of an abundance of caution, many banks automatically treat all international transfer as “suspicious.” So, if you’ve sent or received a wire transfer of more than $5,000 to/from an international bitcoin exchange like Mt. Gox or BTC-e, you can be pretty sure that your bank has already filed a SAR against you (although they are prohibited from telling you if they did, so you'll never know for sure). The larger and/or more frequent you SAR filings, the more likely they will become a legitimate red flag and trigger an investigation. Although FinCEN is generally concerned with money laundering activities, the IRS does have access to FinCEN filings and it is common for IRS special agents to participate in FinCEN investigations. + +Third, someone can rat you out to the IRS, which happens far more often than you might think. The simple fact is that people get jealous, and if they've heard that you've made lots of tax free money with bitcoin, they might get tempted to make sure justice is served. There's also that nice reward the IRS will pay them for snitching. + +Fourth, you voluntarily and accurately report your gains on your tax return. That might sound ridiculous to some people given the inherent anonymity of bitcoin, but there are some very rich people in prison right now who used to think the same thing about their Swiss bank accounts. The fact is that penalties for failing to report income are significant. This includes the possibility of criminal prosecution. You can also add to this the additional penalties for failing to report foreign financial accounts (discussed below), which can be even more severe. + +At the end of the day, you have a decision to make. You can comply with the law and pay taxes just like everyone else, which is admittedly unpleasant. Alternatively, you can violate the law and hope that you don't get caught. Maybe you will, maybe you won't. If you are caught, though, the amount of money you'll be forced to pay in penalties and interest will drastically exceed the amount you saved. That's not to mention the possibility of a felony criminal conviction and a prolonged stay at Club Fed. Personally, I have seen the havoc wreaked on people's lives by tax crimes and I would never want to be in their shoes. Neither should you. + +**TL; DR:** Gains on bitcoins are taxable income. They become taxable when you sell bitcoins for cash or exchange them for goods or services. The IRS does not receive any direct information regarding your bitcoin transactions, but it has other ways of finding out. The monetary and criminal penalties for failing to report gains are not worth the taxes you'd save. + +**Continued Below** +*Edit: This post has been edited since it was first posted. An asterisk was placed next to the questions that underwent more than just grammatical changes. Additionally, questions related to losses were inadvertently omitted from the first post, but have since been added back.* +https://www.wsj.com/articles/u-s-china-quietly-seek-trade-solutions-after-days-of-loud-threats-1522018524 + +Without diving too deep into the political realm, might some of the recent concerns about a potential global trade war have been overstated? +[Throwaway account, but I'm a regular reader.] Over Thanksgiving weekend, my mother-in-law mentioned to me that my husband was taking her to our credit union the next day to make her an authorized user on all of his bank accounts — including the joint bank accounts he shares with me. He had not mentioned this to me before, so I held my tongue and smiled politely at her until I could talk to my husband alone and ask him not to do this. Even though I confronted him about it that night, he still added his mother as an authorized user to our joint bank accounts despite my request that he not do so. + +I know this probably sounds like a question for /r/relationship_advice, but I really need some information on the potential financial impact this could have on our joint bank accounts. Yes, I felt completely flabbergasted that he could think of making a major financial decision without consulting me, but I can handle the emotional part on my own. I'm really here for financial advice. + +Background information: + +* We've been married a little over a year, and we have both separate and joint bank accounts. I have no other reason not to trust him with money. He has been very responsible with money until now. + +* My husband's reasoning was that if something catastrophic happens to both of us, like we get in a car crash and die, he would want his mother to be able to access his money (and our money) without having to jump through a bunch of hoops. (She's 75 and lives in another state.) + +* I don't believe his mother would do anything to take his money or our money, or inflict ill will on us. She has plenty of money of her own. In fact, I doubt she'd even look at our bank statements unless something happened to us. She is a widow, and when her husband died a few years ago, she added my husband (her son) to all of her bank accounts so he would be able to handle her affairs if something happened to her. My husband feels like he was just reciprocating this by adding her to all of his (and our) accounts. + +* When my husband went to the credit union to add her to his/our accounts, he was told that I would have to sign some paperwork in order for his mother to be added to our joint accounts. However, I was not present at the CU, so they brought the paperwork home for me. (I refused to sign.) When I called the credit union the following day, however, the representative told me that his mother, in fact, *had* been added to our joint savings and checking accounts, because it only required the signature of one primary account holder — and my husband, as a primary account holder, signed the paperwork. + +I have many problems with him adding his mother to our account for a variety of reasons. First and foremost, I feel I should have been consulted about this because we are married and we should make financial decisions together, not unilaterally. My husband can see my point here, but he fails to see how this could be dangerous to us financially. My question for /r/personalfinance is what are the potential financial impacts this could have on us, and on me? Shouldn't my husband and I make a *will*, instead of just adding people to our bank accounts, in case we both die? + +Also, if something horrible happened and my husband died and I survived (I get sad just thinking about it), would I have to fight his mother for control of our joint bank accounts? It's my money in there too. I know people do crazy things when people die. What other, if any, potential financial problems could this situation create? (Or if I am I totally overreacting here, please feel free to call me out on it.) + + +**TL;DR: My husband added his mother as an authorized user to our joint credit union accounts without my consent. Aside from the obvious emotional violation of trust, I am having a hard time explaining to him why this is a bad idea from a financial standpoint.** It's not that I don't trust his mother; it's that I feel this will make things extremely complicated should one or both of us die. **What rights do authorized account users have that could be problematic for us in the future?** Please help me understand what this all means from a financial aspect — even if my instincts are wrong. + +---- + +**UPDATE:** I am overwhelmed by the number of responses. Thank you to those who took the time to post constructive, helpful comments. I showed my husband this post, and it was /u/eatsbabydingos' comment about his mother getting in a car accident with Oprah that really struck him. **He called our credit union to verify that we could, in fact, be financially implicated if his mom was sued (and vice versa). When the CU said yes, he said he would be removing his mom from all of his (and our) accounts.** We *are* going to speak to the credit union about them adding my MIL to our accounts without my signature, and we are probably going to switch to a different CU. +Good Saturday afternoon to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning December 14th, 2020. + +# **Year-end Santa rally could depend on the big week ahead for markets - [(Source)](https://www.cnbc.com/2020/12/11/congres-fe.html)** +***** +> The week ahead is so jam-packed for markets that it could determine whether there will be a smooth glide path for a Santa rally into the end of the year. +***** +> First, Congress looks set to fight down to the wire about a pandemic stimulus package, and chances are good it could again disappoint. The Fed also holds its final meeting of the year, and market pros are split on whether it will tweak its bond buying program when it issues its statement Wednesday. Since there’s a divided view, there’s room for market reaction either way. +***** +> Then there is lots of really meaty data, including November retail sales Wednesday, the Markit Purchase Manager Indexes and regional Fed surveys. +***** +> Finally, Tesla will be rolled into the S&P 500 at Friday’s closing bell, and that could bring its own fireworks as big investors lighten up on the other index stocks to make room for entrance of the electric car maker in their portfolios. That also happens on a day that could have its own built-in volatility — the quarterly quadruple witching expiration of options and futures. +***** +> “To me, the most market moving piece of information is, do we or don’t we get a stimulus package? The market has priced one in, so the biggest disappointment is if we don’t get one,” said Art Hogan, chief market strategist at National Securities. “The tug of war between the virus and vaccine had a tiebreaker in stimulus.” +***** +> Hogan said a positive could be if the Food and Drug Administration on Thursday votes to approve the Moderna vaccine, a week after it considered Pfizer’s vaccine. But it is really Congress the market is looking to now, and if it acts, it will be a market positive. +***** +> “I think that propels us into the year-end and higher levels. It only takes one of these things to pull over the apple cart, and the one that could matter is Congress not getting something out the door on stimulus. That would pull us back the hardest,” Hogan said. +***** +> Peter Boockvar, chief investment officer at Bleakley Advisory Group, said the expiration of unemployment benefits for millions of Americans at the end of December could push Congress to act. +***** +> “But you can’t ignore the strong stance the Republicans have taken on liability for business and the strong stance the Democrats have taken on state aid,” he said. +***** +> Tom Block, Washington policy analyst at Fundstrat, said he sees a 50/50 chance for a deal by the end of the week. If there is no agreement, federal unemployment benefits for millions and an eviction moratorium would expire at the end of the month. +***** +> Block said that even if Congress fails to immediately approve a bill to prevent a government shutdown, he expects lawmakers to reach an accord and keep the government running. But the stimulus is unclear, and much of it is a relief package. +***** +> “There’s a solution staring them in the face, and the record food lines are in red states and blue states,” he said. “Both sides seem to be unwilling to come to a deal on what they commonly agree on.” +***** +> # Tesla revving up the S&P +> Tesla’s entry into the S&P 500 is a much-anticipated event that traders expect to add some volatility to the market, as investors in the S&P index shift holdings. Tesla joins the S&P 500 on Dec. 21, at Friday’s closing price, and Friday has the potential to be a wild day . +***** +> “I don’t know if it creates volatility. It’s going to create a significant amount of frenetic trading which may have the aspects of volatility,” said Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors. “Given we are interacting with a very high-volatility regime already, I think it wouldn’t take much to see the VIX spike.” +***** +> Bartolini said there was already a lot of trading activity expected with the expiration of options and futures Friday. “It’s just going to create more noise,” he said. +***** +> Tesla is the biggest company to join the S&P 500, and the rebalance Friday will be the largest ever. Tesla will be the seventh-largest stock in the S&P. +***** +> Index fund managers will have to buy upwards of an estimated $70 billion of Tesla, and that means selling the other S&P 500 stocks to make room. There will also be trading based on weighting adjustments in the index. +***** +> “What you will likely have is people naturally are going to buy Tesla and sell other shares. It could create some upward momentum in Tesla and downward pressure on the shares that are going out,” Bartolini said. +***** +> “It will be exciting. You’re going to see Tesla trade at significant volume.” +***** +> # Fed ahead +> The Fed meeting will also be important, and it has been a hot topic of speculation, particularly in the bond market. Some market pros expect the Fed could make changes to its bond program. The Fed is currently buying at least $80 billion a month of Treasurys, and Fed officials have discussed what they could do to change that program at their last meeting. +***** +> There is now speculation that the Fed will hold the purchases at $80 billion a month, but change the type of securities it is buying, with more focus on longer-dated notes and bonds. That would theoretically hold rates down at the long end, but only about half of market participants expect the Fed to take action at this meeting. +***** +> The Fed also is buying at least $40 billion a month in mortgage-backed securities. +***** +> “It means at least half the market is going to be disappointed with whatever the Fed does or doesn’t do,” said Patrick Leary, chief market strategist and senior trader at Incapital. “That has the potential to cause some volatility, especially in the rates market, and potentially in risk markets.” +***** +> Stocks were choppy in the past week, with the S&P 500 down just about 1% at 3,663. Treasury yields moved higher in the past week but retrenched Friday, when the 10-year sank below 0.9%. +***** +> # Window on the economy +> There’s a busy economic calendar in the week ahead. Weekly claims Thursday are expected to be closely watched after a surprise jump in people seeking new benefits for the week ending Dec. 5. +***** +> November Markit PMIs for the manufacturing and services sectors are released Wednesday, as is the November retail sales report. +***** +> Boockvar said he is watching to see how much the services sector is being impacted by the spreading pandemic and related shutdowns. +***** +> “I think the economic data is being overlooked for better or worse because it’s pre-vaccine,” he said. +***** +> Economists expect the economy is slowing and the labor market has been weakening, particularly since the virus spread has continued to accelerate. Some expect the first quarter to be weaker than the fourth quarter, but activity should pick up in the second quarter as the vaccine is distributed. +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.postimg.cc/2S0NcDWd/finvizmaps1.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.postimg.cc/x8vWKDYz/alphatrends1.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.postimg.cc/L6BpPf6b/finvizfuts.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/5Q2G6MV.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/ZR3gStWM/marketdata1.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/Vv8hsGML/spxsectors1.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/jdjX6YsY/marketpullbacklevels1.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/2jGGBSNx/marketrallylevels1.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/CM3tmKQp/er1.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/eOWZhrG.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/LxpLHIm.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/643dART.png))** + +***** + +> # Not All Bad for Small Business + +> This morning the NFIB released their monthly reading on the small business sector. With case counts rising throughout November, small business optimism took a hit. Compared to September and October's identical readings of 104, November's reading fell to 101.4. Although that is lower, it remains above the levels seen from March through the summer. Additionally, there were several silver linings in this month's report. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/120820-NFIB-Headline.png))** + +> Glancing across the various components and sub-indices of the report, breadth was pretty mixed. Of the ten components of the headline number, six fell and the remaining four were higher. Of the other indices that are not inputs to the headline number, half of the indices were higher while another two were unchanged, and the other two were lower. + +> As for the most pressing problems reported by small businesses, there was little change overall. Quality of labor remains the most widely reported problem, stealing share from those reporting the cost of labor as the biggest issue. The second biggest issue and the only other one to see an uptick in November was taxes. Perhaps due to the results of the election and the prospects of higher taxes down the road, the percentage of respondents reporting taxes as the most pressing issue rose 3 percentage points to 20%. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/120820-NFIB-Table.png))** + +> Taking a deeper dive into the individual components of the report, the various indices concerning employment metrics were pretty strong in November. While the index for actual employment changes remains negative meaning more businesses reported declines in employment rather than increases, that is not to say businesses are not looking to gain employees. + +> For starters, a higher number of responding firms (34% vs 33% in October) reported that they had at least one unfilled job opening in November. That is in the top decile of all historical readings. Breaking that number down further, the NFIB highlighted that 29% of those were for skilled workers and 13% were for unskilled workers. Additionally, businesses do plan to fill open positions in the near future. The index for plans to increase employment rose from 18 in October to 21 last month. Overall, more than half of firms said that they either hired or are trying to hire as 30% reported that either cost or quality of labor have been the biggest roadblocks to their business. Given these apparently tight labor conditions, the indices for compensation and plans to increase compensation were both higher. + +> We would also note that the divergence between businesses wanting/trying to fill positions and declines in the actual number of employees reported is consistent with what we saw in last week's data from the ISM report. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/120820-NFIB-Empl.png))** + +> Rising employment and compensation can be justified when looking at the indices concerning sales and earnings. While these broadly took turns lower this month, they remain at readings that are consistent with more companies than not seeing sales growth. The index for earnings changes turned a bit lower falling from -4 to -7. Despite that, it is still a level that is at the top of its historic range. Additionally, a net 5% of reporting firms saw higher sales over the past three months, down slightly from 6% last month. + +> In turn, the net percentage of owners expecting sales to be higher also fell to a reading of 10% from 11% last month. Even though sales were a bit weaker, prices have continued to rise. The index for companies reporting higher prices rose from 15 to 18. That is the highest level of that index since a reading of 19 in May of 2018. NFIB highlighted further that the most common businesses to report higher prices were retail (28%) and wholesale (23%). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/120820-NFIB-Sale.png))** + +> Although the decline in expected sales was modest and businesses plan to increase hiring, the index that took the biggest hit in November was the reading for expectations for the economy to improve. That index for the general outlook of business conditions fell 19 points month over month to a low reading of 8. That is the lowest level since March when the index was 3 points lower at 5. Additionally, the only time the index has declined by more in just one month was in November of 2012 when it fell from 0 to -38 in just one month. Other indices like those for expenditures and whether or not it is a good time to expand similarly remain weak, but did not see the same sort of dramatic declines. + +> Looking at other indices though, this decline appears to have been relatively extreme. A net 5% of owners report inventory levels are too low which is tied with September for a record high. While a greater share of firms plan to increase rather than reduce inventories, that index did fall from a 48-year high of 12 last month down to 5 in November. Despite that historically large single month decline, this monthly reading is still at a strong level. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/120820-NFIB-Expan.png))** + +***** + +> # Meet the Nasdaq 100's Post-Election Leaders + +> The Nasdaq 100 finally made a new high on Tuesday before pulling back yesterday, but in the run-up to new highs in the post-election rally, it hasn't been the same old crew of stocks pushing the index higher. While the Nasdaq 100 is up about 12.5% since the election, thirteen stocks are up by more than twice the amount of the index itself. Leading the way higher, Moderna (MRNA) is up over 100% after positive news regarding its vaccine. After MRNA, shares of Pinduoduo (PDD), a Chinese e-commerce play, have rallied more the 50%, rising from $97.72 up to $154.00. Tesla (TSLA) rounds out the top three with a gain of 47% in just the last five weeks. The next two stocks on the list - Applied Materials (AMAT) and Micron (MU) - can hardly be considered emerging stocks. In addition to those two stocks from the semiconductor sector, three others from the sector made the cut (LRCX. MCHP, and QCOM) as chips have been red-hot. + +> At the bottom of the table, we have also included the performance of the five mega-cap stocks of the Nasdaq 100. While all five stocks outperformed for much of 2020, not a single one of them is outperforming the Nasdaq 100 since Election Day, and only Apple (AAPL) is anywhere close to matching the performance of the index itself. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-Nasdaq-100.png))** + +> The chart below shows the performance of an equally-weighted basket of the five mega-cap stocks over the last year. From 9/2 to 9/23, this basket of stocks pulled back more than 16%, and while it has been steadily grinding higher in the eleven weeks since that low, up until this point, the prior highs from September haven't even come into play. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/1210-Mega.png))** + +***** + +> # Sentiment Still Overwhelmingly Bullish + +> For the third week in a row, just under half of the respondents to the weekly AAII sentiment survey reported as bullish. This week's bullish sentiment reading came in at 48.06%, which was down just slightly from 49.07% last week. While lower in the past week, bullish sentiment remains elevated in the top decile of readings over the past decade. Granted, it is also still below the high of 55.84% from November 12th. Similarly, the Investor Intelligence survey of equity newsletter writers also saw bullish sentiment drop slightly, falling from 64.7% to 64.4%. But again just like the AAII survey, that is a historically elevated level in the top 3% of all readings since 1963. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-AAII-Bullish.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-II-Bullish.png))** + +> With bullish sentiment lower, a higher percentage of investors reported as bearish. Whereas last week saw bearish sentiment fall to 22.66%, the lowest level since the first week of 2020, this week bearish sentiment rose 4.2 percentage points to 26.86%. That is still below the reading of 27.47% from the last week of November and at the low end of the past few years' range. In terms of bearish sentiment, the Investors Intelligence survey is again echoing these results. This survey saw bearish sentiment rise 0.1 percentage points to 16.8%. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-AAII-Bearish.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-II-Bearish.png))** + +> Overall, sentiment remains heavily in favor of bulls. As shown below, for both the AAII and Investors Intelligence surveys, the bull-bear spreads are at historically high levels. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-AAII-Bull-bear.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/12/121020-II-Spread.png))** + +***** + +> # Rally To Resume Mid-Month - Typical December Seasonal Pattern + +> For the most part, this December has unfolded in rather typical seasonal fashion. The market started the month off with solid gains and continued to rally through the fourth trading day before turning somewhat mixed. Russell 2000 and NASDAQ advanced an additional two trading days while DJIA, S&P 500 and Russell 1000 see-sawed essentially sideways until yesterday, the seventh trading day of December. + +> Currently the major indexes are navigating the often-dull period that has historically begun around the fourth trading day of the month through the eighth. Afterwards, later this week into early next week, another patch of weakness is possible. Then right around mid-month, the rally that began in at the beginning of November, is likely to resume. The resumption could be bumpy but once quarterly options expiration passes our Santa Claus Rally will begin on the open of trading on December 24. Since 1969, S&P 500 has enjoyed an average gain of 1.3% during the Santa Claus Rally that spans the last five trading days of this year and the first two trading days of next year. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/35feeda338d979bfb6b6f25b3156fb4d/11fa20ff3c6ff3a3-4b/s500x750/454472c6c7d32c04ce9ec7e2e0ca7c045dab183d.jpg))** + +***** + +> # Is Inflation Looming? + +> The November reading for the Consumer Price Index (CPI), the most well-known measure of inflation, was released Thursday, December 10, and while both the headline and “core” readings (excluding food and energy) came in slightly higher than the Bloomberg-surveyed economists’ consensus, core inflation remains tame at 1.6% over the trailing year. Inflation is likely to pick up as the economy improves and may run a little hotter than we’ve seen in recent years in 2021, but we believe the risks of a substantial inflation surprise over the next year is limited. + +> “Congress and the Fed provided massive stimulus this year and it seems like that should be inflationary,” said LPL Chief Market Strategist Ryan Detrick, “but it’s important to remember that the stimulus was there to fill a giant hole from lost wages and an economy running well below its potential.” + +> As shown in today’s LPL Chart of the Day, core inflation on a trailing-year basis still has some catching up to do, although the one-month reading is now largely consistent with pre-Covid levels. inflation over the last decade has remained subdued and largely steady. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/12/12.11.20-Blog-Chart-1.png?ssl=1))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending December 11th, 2020** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=mOBjxtu9Ago))** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 12.13.20** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=AKHqwuwWaaI))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$FDX** +> * **$HEXO** +> * **$RAD** +> * **$NKE** +> * **$BB** +> * **$CTK** +> * **$GIS** +> * **$ACN** +> * **$TTC** +> * **$LEN** +> * **$WGO** +> * **$JBL** +> * **$DRI** +> * **$UXIN** +> * **$CNTG** +> * **$SAFM** +> * **$MTSC** +> * **$ABM** +> * **$WOR** +> * **$AOUT** +> * **$NDSN** +> * **$APOG** +> * **$DL** +> * **$BLBD** +> * **$AIR** +> * **$ASPU** +> * **$APDN** +> * **$CAMP** +> * **$SCHL** +> * **$QTT** +> * **$SCSC** +> * **$VNCE** +> * **$RFIL** +> * **$CSBR** +> * **$NAV** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.postimg.cc/CM3tmKQp/er1.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.postimg.cc/Wb0yKPBF/ervol1.png))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 12.14.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +> # ***Monday 12.14.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!]()) +(NONE.) + +***** + +> # ***Tuesday 12.15.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +> # ***Tuesday 12.15.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/oxA4VQw.png)) + +***** + +> # ***Wednesday 12.16.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/sO15Y4c.png)) + +> # ***Wednesday 12.16.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/jQE7QFL.png)) + +***** + +> # ***Thursday 12.17.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/8q2wpXy.png)) + +> # ***Thursday 12.17.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/f4M4FMw.png)) + +***** + +> # ***Friday 12.18.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/D6W4j8k.png)) + +***** + +> # ***Friday 12.18.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/dGlrSdg.png)) + +***** + +> # FedEx Corp. $289.47 +**FedEx Corp. (FDX)** is confirmed to report earnings at approximately 4:00 PM ET on Thursday, December 17, 2020. The consensus earnings estimate is $3.90 per share on revenue of $19.24 billion and the Earnings Whisper ® number is $4.74 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 55.38% with revenue increasing by 11.06%. Short interest has decreased by 34.4% since the company's last earnings release while the stock has drifted higher by 14.4% from its open following the earnings release to be 55.0% above its 200 day moving average of $186.81. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, December 10, 2020 there was some notable buying of 10,300 contracts of the $115.00 call expiring on Friday, April 16, 2021. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 8.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=FDX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # HEXO Corp. $1.00 +**HEXO Corp. (HEXO)** is confirmed to report earnings at approximately 7:20 AM ET on Monday, December 14, 2020. The consensus estimate is for a loss of $0.02 per share on revenue of $21.62 million and the Earnings Whisper ® number is ($0.01) per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 80.00% with revenue increasing by 97.39%. Short interest has decreased by 13.4% since the company's last earnings release while the stock has drifted higher by 69.5% from its open following the earnings release to be 23.7% above its 200 day moving average of $0.81. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 10.7% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=HEXO&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Rite Aid Corp. $18.46 +**Rite Aid Corp. (RAD)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, December 17, 2020. The consensus estimate is for a loss of $0.01 per share on revenue of $5.85 billion and the Earnings Whisper ® number is $0.06 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 101.85% with revenue increasing by 7.10%. Short interest has increased by 13.0% since the company's last earnings release while the stock has drifted higher by 44.0% from its open following the earnings release to be 37.8% above its 200 day moving average of $13.40. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, December 9, 2020 there was some notable buying of 7,170 contracts of the $23.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 18.3% move on earnings and the stock has averaged a 21.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=RAD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Nike Inc $137.41 +**Nike Inc (NKE)** is confirmed to report earnings at approximately 4:15 PM ET on Friday, December 18, 2020. The consensus earnings estimate is $0.63 per share on revenue of $10.59 billion and the Earnings Whisper ® number is $0.72 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 10.00% with revenue increasing by 2.56%. Short interest has increased by 34.3% since the company's last earnings release while the stock has drifted higher by 5.5% from its open following the earnings release to be 30.9% above its 200 day moving average of $104.97. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, December 2, 2020 there was some notable buying of 4,836 contracts of the $135.00 put and 4,558 contracts of the $135.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 5.2% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NKE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # BlackBerry Limited $8.16 +**BlackBerry Limited (BB)** is confirmed to report earnings at approximately 5:00 PM ET on Thursday, December 17, 2020. The consensus estimate is for a loss of $0.01 per share and the Earnings Whisper ® number is $0.03 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 120.00% with revenue increasing by 274.16%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted higher by 57.8% from its open following the earnings release to be 67.2% above its 200 day moving average of $4.88. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, December 1, 2020 there was some notable buying of 34,988 contracts of the $10.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 10.8% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # CooTek Inc. $4.93 +**CooTek Inc. (CTK)** is confirmed to report earnings before the market opens on Tuesday, December 15, 2020. The consensus estimate is for a loss of $0.27 per share on revenue of $112.20 million. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat The company's guidance was for revenue of approximately $112.00 million. Consensus estimates are for earnings to decline year-over-year by 485.71% with revenue increasing by 258.81%. Short interest has decreased by 33.7% since the company's last earnings release while the stock has drifted lower by 32.3% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CTK&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # General Mills, Inc. $59.32 +**General Mills, Inc. (GIS)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, December 17, 2020. The consensus earnings estimate is $0.96 per share on revenue of $4.65 billion and the Earnings Whisper ® number is $1.02 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.05% with revenue increasing by 5.18%. Short interest has increased by 28.8% since the company's last earnings release while the stock has drifted higher by 1.1% from its open following the earnings release to be 1.2% below its 200 day moving average of $60.04. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, December 2, 2020 there was some notable buying of 843 contracts of the $57.50 call expiring on Friday, January 21, 2022. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 2.2% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=GIS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Accenture Ltd. $245.83 +**Accenture Ltd. (ACN)** is confirmed to report earnings at approximately 6:45 AM ET on Thursday, December 17, 2020. The consensus earnings estimate is $2.04 per share on revenue of $11.38 billion and the Earnings Whisper ® number is $2.10 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.39% with revenue increasing by 0.19%. Short interest has decreased by 2.1% since the company's last earnings release while the stock has drifted higher by 12.3% from its open following the earnings release to be 16.9% above its 200 day moving average of $210.33. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 5.1% move on earnings and the stock has averaged a 3.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=ACN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Toro Company $91.52 +**Toro Company (TTC)** is confirmed to report earnings at approximately 8:30 AM ET on Wednesday, December 16, 2020. The consensus earnings estimate is $0.52 per share on revenue of $760.73 million and the Earnings Whisper ® number is $0.62 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 8.33% with revenue increasing by 3.59%. Short interest has increased by 33.3% since the company's last earnings release while the stock has drifted higher by 16.8% from its open following the earnings release to be 49.7% below its 200 day moving average of $181.81. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 3.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=TTC&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Lennar Corp. $72.76 +**Lennar Corp. (LEN)** is confirmed to report earnings at approximately 5:10 PM ET on Wednesday, December 16, 2020. The consensus earnings estimate is $2.38 per share on revenue of $6.53 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.74% with revenue decreasing by 6.33%. Short interest has decreased by 4.5% since the company's last earnings release while the stock has drifted lower by 3.7% from its open following the earnings release to be 12.7% above its 200 day moving average of $64.55. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 25, 2020 there was some notable buying of 4,725 contracts of the $76.50 call expiring on Thursday, December 24, 2020. Option traders are pricing in a 7.4% move on earnings and the stock has averaged a 2.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=LEN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket. +In honour of the [Vic Earthquake](https://www.memesmonkey.com/images/memesmonkey/98/988bdc71057908e57e52a06238d82b4b.jpeg) and those fucking protestors not being swallowed up into the giant sinkhole they deserve to be, I thought I’d type out a lil DD. This has been one of my faves I’ve been watching for a while so... get around it you mongrels. + +**Ticker:** AMO (Ambertech Limited) + +**Current SP:** 0.30 + +**Market Cap:** 23.1 million + +**What do they do?** + +Ambertech limited (AMO) is a distributor of audio-visual products and services. They service commercial, residential and professionals and do things like installing speakers etc. at venues so they can pump those sweet sweet corporate-approved tunes into their customers ears. They have contracts with Department of Defence for more high-tech stuff, and often have an ongoing service component (ie. people supporting their products as the consumers are using them, which means a) greater customer satisfaction and b) more opportunities for additional selling). + +They also do some kewl stuff like this [Flight Simulator for budding pilots](https://f.hubspotusercontent30.net/hubfs/315136/NatVIS%20Simulator%20Visual%20Systems.pdf), which shows we’ve come a long way since teaching monkeys to fly into space (and that fucking hippie Matthew Broderick trying to get in the middle). + +**Why AMO?** + +The company has a solid track record, is severely undervalued by most financial metrics, pays a dividend, is owned 49% by insiders, and hasn’t had a ridiculous SP run already (IMHO there’s plenty of room left). If that isn’t enough for you, what is?! + +I’m honestly not sure if this is even a positive, but [Refinitiv gives AMO a 10](https://imgur.com/a/kzyJafo) (out of 10), so it’s one of the top 100 companies on the ASX according to analysts. I know we all don’t really give a shit what they say, but since the market runs on sentiment I guess it doesn’t hurt to have some positive sentiment on your side. + +**Financials:** + +The financials are excellent and are what really gets me frothing at the mouth. Like, genuine “did you get bitten by a large rabid bat” frothing. Damn, should’ve got my bat vax. + +AMO has made a profit for the last two consecutive years, and doesn’t seem to have been terribly adversely affected by COVID. Their revenues and profits are healthy, and they have happily paid out some of their profits to shareholders via a dividend for the past two years (this year it was roughly 47% of profit). + +[mmmm am i attracted to furniture? cause that is a sexy table](https://preview.redd.it/tlilvuwjpcp71.png?width=617&format=png&auto=webp&s=735078355519a4094abfb0c4c241a74a50d609aa) + +Both long-term and short-term debts are covered by assets. + +AMO received $1.1M in Jobkeeper payments in the last two financial years, so it would be wise to assume that gets wiped straight off their future profits. But also, you can clearly see from the financials that Jobkeeper wasn’t the reason the company was profitable (ie. they’ll do fine without it). + +P/E ratio is 4.5x, which is some of the lowest you can get at this kind of market cap. Market standard is around 18x and sector standard is around 20x. + +**COVID Impacts** + +In general, the company doesn’t seem to have been impacted by COVID at all. In fact, they’ve thrived. It seems that their business model is relatively lockdown resistant. + +My guess is that in the age of lockdowns, AMO serves a unique purpose for a number of professional entities, who have suddenly required audio-visual equipment to remain connected to each other. AMO have done some work like this for Virgin, ING and Sydney University (ie. installing equipment to facilitate large corporate Zoom meetings). They also have consistent work with entities like the Dept. of Defence which is not really at risk of suddenly falling over (Defence force always has money). + +As the world opens back up and things like live gigs become a thing again (I bet you’ve missed drinking a shitty overpriced beer while nodding along to some random indie rock band – I genuinely have) there are identified opportunities for install of AV equipment/support etc. So while they’ve done well out of COVID, there’s also plenty of opportunity to do well once things are (sort-of) back to normal. + +**The chart:** + +It looks like this: + +[yes i started using night mode, what of it?](https://preview.redd.it/2jw34ztopcp71.png?width=601&format=png&auto=webp&s=3c0ff394bff9d4664fcea8ca109c6efc2c6c013e) + +I’ve marked the ex-dividend date on the chart, which is where the SP has recently fallen – could represent a good buying opportunity. The stock has been on a consistent up-trend for a year now, with higher lows AND higher highs. + +The Board/insiders own roughly 49% of the company, which to me says that the company execs are heavily invested in the stock price doing well, and as an investor you’d be likely to reap the same rewards as them. + +**Potential downsides:** + +I’ve genuinely tried hard to think of some but the only one I could come up with was this: + +\- AMO has been relying on past losses to offset some of their tax payments, which means they haven’t paid much tax the last two years. Those offsets are gone now, so it is highly likely that profit will be impacted in FY 21-22. + +Other than that, I think this is probably less “rocket potential” and more “nice solid earner for a 6-12 month hold” so I suspect that will turn a few of you off. That said, if suddenly this stock got the attention it deserves, its SP could triple in a couple weeks based on its fundamentals. The fact that its MC is still so low means there is actually a lot of potential here. + +**TL:DR**: Possibly the most solid <$25M MC stock on the ASX 🚀🚀🚀 potential depending on if/when the market wakes up to it, and in the meantime solid growth AND a dividend. Can’t really go wrong can ya? +I'm about 1-2 years from FIRE (if all goes well). + +One of my main worries is, what will people think when I tell them I don't work for a living? I suspect they'll respond negatively. Our society tends to stigmatize people who aren't economically productive. + +Note, I'm mostly concerned about about future friends and potential romantic partners. I don't care what the average Joe thinks. + +I suppose I could always bullshit my way through it ("I'm a freelancer!"), but I'd prefer not to build any future friendships on a foundation of lies. + +I'm also concerned about dating. I'm single, and prospective partners would probably be judgmental about my not having a job. I guess I could tell them I'm financially independent, but that could easily backfire (or attract them for the wrong reasons). +"The Nasdaq said on Tuesday that Coinbase’s reference price for its direct listing is $250, which would value the company around $65.3 billion on a fully diluted basis. + +In the five significant direct listings that have taken place on the New York Stock Exchange — Spotify, Slack, Palantir, Asana and Roblox — the opening price was on average about 37% above the reference price. + +If Coinbase opens with a similar percentage increase, the price would be around $343, very close to the average private market price in the first quarter of $343.58." + +Source: https://www.cnbc.com/2021/04/13/coinbase-reference-price-250-ahead-of-direct-listing.html + +**Update 1:25pm EST - COIN opened at $381** +Europoor here bored in the morning until pre-market opens. + +ONCE again props to u/criand ! He brought me the idea and then I found his comments to even expand my idea with all of his wrinkles. + +TLDR: T+21 theory might hold when shorts decided not to deliver cause of 005 in place? Furthermore this would cause a forced delivery by T+4 or T+6. Popcorn stock getting on threshold list could be an indicator for GME. DANG! Edited criands thoughts about this! Probs go to him! + +I was sliding through my Reddit feed when I noticed some interesting posts. + +One was about popcorn stock entering threshold list on the NYSE. This seems to be the case when FTDs pile up too heavily on multiple consecutive days. Might this be a sign for GME aswell? Will we enter the threshold list aswell very soon? Maybe. Only time will show. + +Then I read a comment of u/criand in which he explained that FTDs coming from short-marked shorts have to be satisfied within T+4 days. When I recall it correctly the T+21 day was on Thursday (last week) which brings this Wednesday as the T+4 for possible FTDs out of our T+21 cycle (30th June.. hm.. doomsday triggered by forced deliveries from T+21 and T+4?!) + + +Master mind u\criand also said that this time period for long-marked FTDs is T+6 what would be Friday this week. + +Then I thought: +Why now? Why did our T+21 Theory pop just now? +Maybe a rule which came into effect over the last weeks changed something (005 is that you?!) and shorts decided not to deliver on T+21?! + +I don’t exactly know what is happening and if I got it all right. As I said I am bored and waiting for pre-market to open. But I wanted to post some of my thoughts and maybe someone can pick them up and develop them further?! + +Please correct me if I am wrong. I will Edit my sources if this thing gains traction. Since I am on my phone, this would be a major pain lol. + +Not financial advice. + +Edit: Damn! I was searching for Criands comments to put them here and what I found was even better than the initial comment I saw of him!! + +Check it out: +https://postimg.cc/pyWCxVM3 + +https://postimg.cc/cr6cgDHm + +https://postimg.cc/jCMXjVs2 + +https://postimg.cc/3d6Fgg0H +I know that there are tons of debate on this theory but has anyone been able to produce any statistical results that can actually prove/disprove it (would it even be possible)? +Hey all! I've always been extremely diligent with making sure my credit was good; made payments on time, number of cards, amount of debt, etc. I've had over an 800 credit score with all 3 bureaus for 10+ years. Never had an issue. Due to a clerical error (on my part), I missed a mortgage payment (it was on autopay), but never noticed it, and payments went through fine for the next two months. All of the sudden, my credit score nose dives from 817 to 643 overnight, and I call up the bank to figure out what happened. They tell me that I missed a payment, and each months auto payments were paying for the last months bill. They say that they have sent me multiple notices (by email, I still don't know where, I don't see them), and I filed a credit dispute with the bank based on the facts given. I also got my payments current. On one hand, I plan to pay off the mortgage in full by the end of the year, but I hate having my credit not be the immaculate score I used to be proud of. + +Is there anything I can do to get my score corrected? I don't know if reaching out to the credit bureaus will even help. Or if not, how long will it take my score to go back to "excellent"? +I am a healthcare professional and have recently become a stay at home dad in order to care for my daughter with special needs. My wife is working full time, but we are still behind about $1000/month. We have cut our expenses to the minimum. I need to make $1000/month from home. I am desperate for any suggestions. +My only dives into the finance world have been consulting for data visualization projects for web tools, but surprisingly I haven't really seen too many other programmers in the field. Where are you guys and what do you primarily do? +Recently my friend's uncle died. He worked until 66. The same week after he retired he found out he had pancreatic cancer. He died within a month. It made me think about the top list of regrets the dying have I looked up a few years ago. This list is from Bronnie Ware's book: The Top Five Regrets of the Dying - A Life Transformed by the Dearly Departing + + +"I wish I'd had the courage to live a life true to myself, not the life others expected of me." + +"I wish I hadn't worked so hard." + +"I wish I'd had the courage to express my feelings." + +"I wish I had stayed in touch with my friends." + +"I wish that I had let myself be happier." + +I think we all on some level may be here because the standard life path of working until the standard age and then retiring isn't palatable to us. That being said, there are still no guarantees. You could die tomorrow. I have to catch myself sometimes. I get too caught up in getting to FIRE when I should be more mindful of the things that matter most and living a life of few regrets. + +How has this journey affected your own perception of what is most important in life? +I'm just curious to get as much information as I can, because I can't do anything else right now and I would like to hear your thoughts on it. I gather big money will get into it from traditional investors, but that will make it more centralized. What other positives and negatives are there? + +As a side note, thank you everyone who helped to create Ethereum. This last Sunday I fell off of a very high roof and shattered my leg, and the profits from my mining really helped out with the bill. Not enough to pay it off (Thanks, US healthcare prices) but enough so that I'm not wildly in debt. I seriously owe that to this community and the devs. Cheers! +Following on from [previous](https://www.reddit.com/r/ethtrader/comments/72scaj/ethtrader_the_dappening/) [posts](https://www.reddit.com/r/ethtrader/comments/75a2f3/the_dappening_progress_report_registration/) I'd like to describe the current state of [development](https://github.com/EthTrader/dappening) for the EthTrader DAO and Token, and open up the choices to further discussion and feedback. + +The EthTrader token and username registry are designed to be fully self governed by the EthTrader DAO. What is presented here, and the code in the repo, is largely to support that self governance at a fairly basic level. **All choices presented here up for discussion and review**. + +- +- + +**Token Distribution** + +* tokens are generated & endowed when users register their username with the DAO. To be eligible, users must have pre-registered the Ethereum address they will use. +* token endowment is based on combined post and comment karma from r/ethtrader, r/ethereum, r/ethdev, and r/ethermining until 30/09/2017 (already collected) +* an additional endowment (2.5% of total) is available to r/ethtrader mods, distributed based on their number of days as mod until 30/09/2017 + +- +- + +**DAO Operation** + +* Proposals are submitted by registered users along with a token stake (PROP_STAKE) that is burned if the proposal fails. +* Proposals can be enacted following a 2/3 majority vote. +* Voting is eligible to registered token holders and is weighted by token amount and token age. +* Initial token age is established by the date of the users first comment or post. +* An amount (TOKEN_AGE_DAY_CAP) can be transferred each day without affecting token age. Exceeding this amount within a day sets the token age to the current date. +* Proposals last a preset time (PROP_DURATION), but the end can be delayed (SIG_VOTE_DELAY) if a vote above a certain threshold amount (SIG_VOTE) has occurred. +* The following actions can be performed by voting: + * UPGRADE - upgrade the DAO/controller contract + * ADD_ROOT - adding a merkle root opens registration up to a new set of users + * TOGGLE_TRANSFERABLE - toggle transferability of tokens + * TOGGLE_REG_ENDOW - toggle endowment during registration + * SET_VALUE - update one of the following values (or a new value used in a future contract) + * PROP_STAKE - amount of tokens to be staked in order to submit a proposal + * SIG_VOTE - threshold weighted vote amount that would cause a delay to ending a proposal + * SIG_VOTE_DELAY - (in blocks) the length of time a "significant vote" would delay ending a proposal + * PROP_DURATION - (in blocks) the duration for proposals + * TOKEN_AGE_DAY_CAP - max amount that can be transferred each day without resetting token age + * ENDOW - direct endow tokens to an address + +There seems to be a strong move for pre-IPO, private investment opportunities via platforms such as MicroVentures, EquityZen, SharesPost, and Forge to name a few. Has anyone here gotten involved in those platforms? + +I realize the requirements such as being an accredited investor (which is no problem for many in this sub). I also see a lot of potential liabilities of not holding the shares but buying under an LLC that holds them and basically has a high level of legal authority over them. There is also the issue that the fees can be absolutely ridiculous. + +Interested in what others here have experienced, what platform they recommended vs what ones they don't and why, and how they managed the legalities of owning blocks of an LLC that they do not control yet holds the shares they are promised assuming IPO ever happens. + +For example MircoShares just did a SpaceX offering this weekend. I heard the rates were pretty bad. But is anyone better and is the risk vs return vs fees just plain stupid in your opinion? + +Example: https://www.cnbc.com/2020/09/11/jpmorgan-trade-private-shares-of-mega-start-ups-including-spacex-robinhood-and-airbnb.html + +More discussion: +https://www.youtube.com/watch?v=UBSyP5SzuN4 +Hey :) + +I need some general advice and perhaps some positive feedback. + +I just got clean from heroin as of 8 months ago after a 5 year addiction to opiates. + +So, I've been living BARELY scraping by for the last 5 years. Before that, I was making $100k/yr doing freelance work. + +I never had to make a budget, as I always just spent money how I wanted and then worked when my bank got low. + +Now, after being pretty much being broke for years, I just got a really FUN job making around $70k a year. + +I have NO financial commitments, but I am $2500 in debt according to my last credit check... no vehicle, poor credit. I'm crashing with some friends right now so my expenses are pretty low. + +Anyway, I used to be addicted to the 6 figure lifestyle being able to do pretty much whatever I wanted. Then, I was humbled from my experience with addiction. + +I want to make sure that I can "handle" and manage this money properly, and not end up wasting it by doing stupid stuff. To do that, I want to make a very specific budget. What's my move? Keep in mind that I am going to want to use $1k a month for rebuilding my business while I have a steady paycheck from this job. + +I need to get a car, repair my credit, put ~$1k/mo towards my biz, have enough money to pay rent and live comfortably... and have some money to put towards hobbies like my audio production setup (this is the type of stuff that keeps me off drugs.). + +Any initial thoughts? I would really appreciate the help! I want to make sure that "THIS TIME" I can get my life back together for GOOD. :) +From CNBC + +https://www.cnbc.com/2020/01/13/this-was-the-best-strategy-for-picking-stocks-the-last-10-years.html + +"Picking stocks with the highest dividend yield was the best strategy last decade, according to Bank of America. " + + +"Stocks with the highest dividend yields quadrupled in value over the last decade, outpacing an equal-weighted S&P 500 by 120%, according to a Bank of America note published Monday. The trailing 10-year performance of stocks with the biggest dividend yields ended last year at its highest level since 2001, according to Bank of America. The firm divided up the S&P 500 into deciles by factors to find the results." +I’ve been living at home and the only work experience I’ve had is internship experience. I thought I could move out when I started making 60-70k for my first full time job. It sounds like a lot, but when I looked more into taxes I realized I was so wrong. + +Sure I could afford living on my own and still save money, but I’d be spending around half my paycheque on rent, groceries, and bills. So then I’d have to be super frugal while not saving as much money. Never mind travelling, which I thought I’d be able to do more of once I got my full time job. I’d have to put some money away for savings/retirement too and it’s like reality just hit me. + +I guess I was sheltered from the real world from my parents. I appreciate that they’re not kicking me out or anything but I know it’ll be a helpful experience to be independent and live on my own. The thing is I just can’t justify moving out yet when I don’t have any savings. + +I’ve considered looking for a job out of the city but turns out my city isn’t even that bad in terms of salaries for my career, cost of living, and things to do in and near the city. The reason I wanted to get out was to have a change of pace and live somewhere new for fun, move somewhere warmer, and be forced to be independent. But now I realize it might not be the best idea if I have to spend so much more on rent etc. + +What did you do after graduation and getting your first job? Did you live at home for a while? + +Edit: added some details + China itself is one big Evergrande. One big debt crisis. For years massively over-levered shadow banks masqueraded as propcos, got drunk on credit, flirted w/ default & called for bailout like a late-night uber. + +Contagion has begun + +&#x200B; + +https://preview.redd.it/3zo7vicup0p71.png?width=680&format=png&auto=webp&s=456d5f3cc35352fe1b02b6910045447bb37e9be6 + +**How Evergrande is Actually a (Shadow) Bank** + +On the surface Evergrande is a propco. It has insatiable demand for capital cuz it needs to buy land. That's what propcos do. But then Evergrande started stuffing its commercial paper into WMPs & selling it off to its own employees. + + Let's be more explicit. + +In June 2019, Evergrande plowed 13.2B¥ into Shengjing Bank, acquiring 36% stake in a literal lender. Shengjing was on the brink of default. Tier 1 capital adequacy ratio was 8.52%, barely above regulatory req. Now why would a propco bail out a bank? + +&#x200B; + +https://preview.redd.it/i3zihw81q0p71.png?width=678&format=png&auto=webp&s=95c0a6d308392a5ee188cd55a7cfc4fd7163649c + +**China's Other Fantastical Bank Bailouts** + +Evergrande's story is big. But it's barely new news. In May 2019 China’s central bank announced its 1st bank takeover in 20 years: Baoshang. Creditors were to take a hit, assets would be sold and an example set for governance. + +&#x200B; + +https://preview.redd.it/232sdsa5q0p71.png?width=859&format=png&auto=webp&s=45a9dd03ed79a536b8ebbd22770cfaf607d28b56 + + **And then there was Bank of Jinzhou.** + +In March 2020, the PBoC poured another 12B¥ into Jinzhou as Tier 1 capital adequacy fell to 5.14%. Two quasi state-controlled investors were said to have seized 44.34% in the troubled lender. + + [China's Bank of Jinzhou wins $1.7 bln bailout from central bank, local govt | Nasdaq](https://www.nasdaq.com/articles/chinas-bank-of-jinzhou-wins-%241.7-bln-bailout-from-central-bank-local-govt-2020-03-11) + +&#x200B; + + **... And Bank of Gansu.** + +In July 2020, a state-backed provincial highway operator stepped in as the largest shareholder, but was dealing with its own balance sheet issues. Months later the company announced a 167.3B¥ refinancing to deal with debts on 37 government toll roads. + + [Inside Huarong Bailout That Rocked China’s Financial Elite - Bloomberg](https://www.bloomberg.com/news/articles/2021-08-30/inside-the-huarong-bailout-that-rocked-china-s-financial-elite) + +&#x200B; + +**And don't forget HNA.** + +HNA was an "airport." The way Evergrande is a "property company." + + [Shares of HNA affiliates rally after report of China bailout plan | Reuters](https://www.reuters.com/article/us-china-health-hna/shares-of-hna-affiliates-rally-after-report-of-china-bailout-plan-idUSKBN20E0GB) + +&#x200B; + + **Who's next?** + +It kinda feels like trick-or-treating. Like Chinese financial institutions just gotta stick out their hand and the big brother rushes in with backstop. + +&#x200B; + +https://preview.redd.it/js8tz57mq0p71.png?width=588&format=png&auto=webp&s=468ebea5bed03f3071d4ec5ae6f0a2f967ed20f6 + + **Where does all that bailout money come from?** + + In America we say "money printer go brr." In China we say "money printer go BRRRRRRRRRR." Xi's QE has been making a farce out of JPow since 2008. + +&#x200B; + +https://preview.redd.it/ti5miv6qq0p71.png?width=672&format=png&auto=webp&s=45154eabca35f722ecf21314525f0dad2bda4f87 + +# Is it sustainable? + +&#x200B; + +https://preview.redd.it/ryklydouq0p71.png?width=465&format=png&auto=webp&s=65b792d34967e33b503d9813d7aa5b3662f3b4fe + +&#x200B; + +**What about the whole real estate sector?** + +TLDR: this could snowball fast. China's top 200 property companies currently hold >$5.5 TRILLION in assets at 8x leverage. If Evergrande catalyzes even a 15% decline in prices across the board, much of the industry becomes insolvent. + +&#x200B; + + Graph (top) shows the asset/liabilities ratio for 10 other propcos besides Evergrande. Note: they're all less than 1, which means shareholder's equity is negative- including Greenland, Sunac, Vanke, Country Garden... Chart (right) shows the top 15 worst propcos in the world. + +&#x200B; + +https://preview.redd.it/xyxx79o3r0p71.png?width=618&format=png&auto=webp&s=fac77c2efba81872ad2518392f720091e2f0e7ed + +&#x200B; + +https://preview.redd.it/8r6ikwn4r0p71.jpg?width=1069&format=pjpg&auto=webp&s=1245937ac66985836b2dfca2c7ecb78de36e0c04 + +**What is the CCP gonna do now?** + +China is incentivized to let Evergrande collapse while minimizing shakeup in the rest of its property market. So far the CCP made its goals pretty clear: pro stability & deleveraging; anti speculation. + +Investors need to understand that China has taken a turn towards a different economic model: Higher regulation standards, curbing non-strategic tech, redistribution of wealth, better capital allocation, de-levering, clamping on evasion/irregularities and crushing speculation + +&#x200B; + + **But is all of this... systemic?** + +According to macro expert [@ABCampbell](https://twitter.com/ABCampbell) , "for a credit issue to get systematic, it has to go through the banking system, in particular the biggest and least stable" + + Here they are. China's worst banks. (its "Waterfall of Pain") + +Let's wait & see. + +&#x200B; + +https://preview.redd.it/xdsgathlr0p71.jpg?width=1307&format=pjpg&auto=webp&s=988b196ca4769612ccb67f66f53c9f8d5e858de3 + + Most of the data and images from this thread come from [@rosetechnology\_](https://twitter.com/rosetechnology_) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +BUY HOLD DRS, APE LOVE ZEN +What are some FATFIRE-relevant investment ideas you've seen working that you think are misunderstood, underappreciated or often missed by others? (Assuming you're managing some or all of your wealth) + +I'll start: +- Buying T-bills directly from the government at TreasuryDirect.gov to avoid commission and understand more about the terms of what you're buying. +- The philosophy of "only invest in things you deeply understand how they work" and "double down big time on things you uniquely understand". This helps avoid "shiny objects", enables me to leverage the knowledge I've accumulated and have a competitive advantage in (for me it's tech - private, vc, public), and also leads to learning a lot of cool new things. +- Wealthfront direct indexing works very well for me and enables a broad exposure to markets and bonds without much work. +Looks like Google finally flipped the switch, Finance tab now replaces Google Finance =/ https://www.google.com/finance/ + +Edit: Here is what I see https://i.imgur.com/fN9MN4v.png +RE is all about ease of credit, right? We're coming out of a long term Quantitative easing where almost $10t of printed money was added to US money supply. Now, we are in Q tightening where Jerome Powell is reducing money supply, thereby reducing the amount of money supply for credit. + +I'm 100% convinced the sfh market is about to get ruined in markets that have added the most inventory in the last couple of years. Think Phoenix, Boise, Austin, Nashville etc, etc. Florida has always been boom and bust so who knows there. + +I own apartments. I want to get out but thinking on riding out the impending storm. Rentals are an inflation hedge, right? + +Cash has always been king. If the shtf do you have cash to scoop core properties at a huge discount? +It seems that college and healthcare are more expensive than ever. At least in 1950s-1970s, college was affordable and no one went bankrupt for healthcare. Housing is more expensive but, I agree homes are larger and better today. +This is more of a meta-question, and I even considered posting it to /r/academiceconomics. Why is the view on the minimum wage in introductory macro textbooks so different from what economists actually believe? For instance, I just finished my macro course and we used [Mankiw's book](https://www.amazon.com/Macroeconomics-N-Gregory-Mankiw/dp/1429240024). This book is extremely sure of itself that the minimum wage is a bad idea. While [professional economists' opinions differ much more.](http://www.igmchicago.org/surveys/minimum-wage) + +I know that Mankiw is a bit more conservative and all, but I find it odd that an intro textbook hasn't updated itself to reflect the more modern consensus. Even Thaler, in the poll writes, "Yes I know the econ 101 answer..." + +Is it because the economists want to build a more basic, or primitive, understanding in the students before moving onto more nuanced models? If so, this seems like a pedagogical failure. Most students aren't taking econ classes beyond econ 101. +Hello, + +&#x200B; + +First let me apologize if this is deemed a loaded question, I don't intend it to be so. I am not looking for a debate, only anecdotes and studies if available concerning the topic. + +So, I've recently started my undergrad at the local university. I had planned to major in history, although I am currently reconsidering it. The reason for this is in my first weeks of classes, I have been lectured on how individual truths "often override systemic narratives", the intentional evil of the "old guard, elbow patched, cigar smoking white elite" regards the +recording of history, how "privilege used to determine what we call history" and so on. + +To cut it short, I am almost up to my ears in the stereotypical lefty ideology that seems to be all the rage the last 30 years or so. My question stems from the above pontification - I came to university to be taught how to think and analyze, not what to think. + +*Is there any inherent political bias in the discipline of economics? I am taking micro and macro currently and thoroughly enjoy the content. But, should I continue in the field, will there be any ideological boxes I must tick? Can I be my publicly apolitical self? Will I be forced to voice any opinion nearly as foolish as a rejection of objective moral truths?* + + *From my knowledge of the big names of economics the field seems central to right leaning which is perfectly fine with me as IME those people tend to be more rationalists and empirically minded, but what can I expect of the academics teaching economics in university today?* + +Again, sorry mods if this is too touchy for this sub. I really don't want a debate, just peoples thoughts, experiences, and data +This seems to be a global trend in developed countries. People regularly say how there is a Doctor shortage yet still make it difficult to enter medical programmes and rely on foreign doctors instead of training more local. +Is there an economic reasoning for this? +A lot of great questions regarding this have been asked before but most of the time they are answered pretty vaguely or completely off-topic and non-technology related. + +At the very general level, it seems that they all play big roles in the area of decentralized exchanges. OmiseGO is clearly foremost an EWallet platform, 0x is a protocol, and Kyber seem to be more primarily concerned with the exchange itself. So what are the fundamental differences between the three? + + +OmiseGO: From what I've read, this is at heart an EWallet platform that will allow providers to use its decentralized network to perform what a orderbook and clearinghouse would normally do in trading with both fiat and cryptocurrencies but with much lower fees and lightning speed. The main goal behind this project is the whole idea of unbanking the banked. This will support exchanges between both fiat and cryptocurrencies. + +0x: This seems to be at heart a decentralized exchange **protocol** that really emphasizes the peer-to-peer side of things. They seem to be primarily attacking the issue of how the decoupling of tons of dApps results to a bunch of inoperability and parallel redundancy. It seems like they want to create the actual capability (through their protocol/exchange) of making anyone able to have Eth tokens able to be traded. The system seems to do all the orderbook-keeping off the actual block chain and then settling on the chain itself, which means it should theoretically be really fast (no more horrible EtherDelta wait time ambiguities), although trades are not processed instantly due to off-the-block processing. 0x from what I've read only supports ERC-20 tokens right now. + +Kyber: This seems to primarily be an exchange built off a network of reserve managers who are incentivized to update transaction rates for the best prices possible by adding higher spreads. They will also provide payment APIs to bridge the gap between merchants and tokens payments. Trades are apparently processed instantly since they are on the chain and done in a single block. However, I assume this is more expensive and does not necessarily mean processing time will be as fast. Kyber currently supports all coins. + +With that said, it seems to me like all three of these coins could potentially work with one another. OMG definitely seems to be in a different playing field than 0x/Kyber, and the latter two seem more in the same competitive sphere. Yet, they all have components of their own exchange networks going for them, so does that not mean heavy competition between them is entirely possible? What do you all think? And what are some more fundamental differences that you feel should be more clearly pointed out? Also, please clarify anything I may have said incorrectly. +Last night my gf just fell apart on the floor. We were talking about this winter season, and how everything just costs money. Want to go for a walk? Spend money on water. Want to go see some friends? Travel costs money. Want to do ANYTHING? Spend money on something. + +My gf doesn't make a lot of money, and I've been the bread winner, but it just sucks. I want to make more so she can breathe a little, and have some fun for once. Last night she told me "It feels like I'm just supposed to work my ass off so someone else can make money. If that's the truth of our world, then what's the point in my existence?" + +It broke my heart to see how destroyed she felt. How utterly broken this capitalistic world is, and how a person with a beautiful mind, soul, and heart can feel so useless. Like she's this amazing woman, and she feels like unless she makes 7 figures she has zero importance in this world. + +I'm just tired of it never being enough... + +&#x200B; + +Edit: I see a lot of people making repeat statements, so I'll elaborate after a nights sleep. Some of the examples I gave were hyperboles, and not a literal example. I was just trying to illustrate my frustration that it feels impossible to live in this world without spending money. We don't make 6 figures on our combined salaries (some of you are really upset at thinking we do...), but again that was hyperbole about the current state of our nation (we looked into what we would need to make to buy a home where we live, and making $100,000 annually is barely enough to not get laughed at by a mortgage lender). + +We live extremely frugally: 1 bed/bath apartment, no kids, no pets, no table for eating, we have internet and 2 subscriptions, we use tap through a Britta filter, we do 95% of our own cooking and 'splurge' on Chipotle once a month, lots of meal preps for when we leave the house to cut down on expenses, we haven't been to a movie theatre since End Game, the only travel we've done in the last 3 years is when my father passed away and I had to reconcile his estate, my work even pays for my cell phone. +Everytime i place a trade, i get so excited and let my emotions take over + +It seems like every 5 seconds im checking the trade to see how much ive made. If it moves up, its the best feeling ever but if it moves down (even if its still in profit) its the shittiest feeling ever. This whole cycle repeats until the trade closes. + +Im trading on a demo account which makes me worried for when i do put in actual money as that would make everything 1000 time worse. + +Any advice in how to stay calm? +Hello my fellow FX soldiers. Just a brief bio of myself... + +I've been trading for over 5years...and these years have entailed SO MANY ups and downs. Pain, blood, sweat, tears, giving up, restarting, abundance of journaling, sleepless nights watching YouTube vids, countless screen time, major financial losses, blown accounts and oh yeah did I mention blood, sweat and tears! + +This is not an industry for the faint hearts or people that think they can attain success within a month, or even a few years! At least not from my experience. BUT I can finally say I'm starting to get this finally and it's like something has clicked. After going through all my notes I've simplified my trade plan and one of the main things that have helped is truly JOURNALING everything. From your paper trades, entry orders, observations and mistakes DAILY. This has helped me improve my trading a lot. + +Also risk management is truly the key, a quote I use is MY MAIN AIM IS TO PROTECT MY CAPITAL + +Wanted to ask you traders who are now successful. What was the moment/tool/indicator/advice that changed everything, the moment that made FX click for you like the final missing puzzle? + + +I have been trading for three months now with a particular focus on GBPUSD and XAUUSD (GOLD) pairs. I have dabbled with indicators and even tried using products provided by IM Academy. +But, I have since realized those techniques were not meant for me. So I’ve been sticking to my guns (price action and market structure) and I’ve been trying to greatly improve those skills. My main tools are drawing up key levels/psychological zones and then I will set a zone around my line, 1.5 pips above and 1.5 pips below the line. I will also throw in a trend line. I am beginning to learn the Wyckoff method so I can get a psychological perspective on the markets. + +I am writing this because I want to share with people that they really don’t need to rely on all these fancy indicators and products because +1. They are lagging indicators +2. They prevent you from training your eyes + +The only time you should want to use either of them is for a confluence that you want to couple with your price action analysis based on the current structure of the market so you can have a solid confirmation. + +For example: The price of GBPUSD reaches an overbought zone at 1.35866 and then meets a resistance level. You can see that based on price action there is a strong shooting star, indicating the potential start of a reversal. Wait for the retest or the stop hunt and then get in if appropriate, sniper entries are key. + +I personally utilize just technical analysis but I’ve been trying to gradually integrate sentimental analysis as well because understanding why the market is doing what it does and has been doing it will give you a psychological edge and maybe it will cause you to enter a trade that you would have previously avoided because you didn’t understand it at the time or vice verse. + +The reason why a lot of us retail traders lose is because we don’t put the work in and so we rely on “holy grail” indicators to do all the work for us and wait for signals all day. We rush and enter trades during the first two phases (consolidation and expansion) when we should be waiting for the end of the expansion and anticipating where price will likely go based on price action and market structure. To all new traders reading this, these are just a few of the essential basics you’ll need to improve in the markets: + +Psychological: +1. Patience +2. Reduce emotions/Treat losses the same as wins +3. Once you enter the trade leave it, have confidence +4. Journal your trades +5. Get involved in social/support groups + + +Skill: +1. Price Action +2. Market Structure +3. Proper Risk Management +4. Forming and adhering to your plan(s) +5. Backtest +6. Good Risk To Reward Ratio (1:2 and higher) + + +Understand that the proper path to being profitable in the markets is a long one. It is a Marathon, not a sprint. Take your time and train your eyes to the deception and the truth. Also, feel free to share your opinions! Good luck! +I have been learning how to trade for quite some time now, and a few days ago, some things just started to click after I started to pay close attention to market structure, and it's interaction with various timeframes. + +That moment of finally making progress after hundreds, if not thousands of hours spent, almost quitting, and even taking a break... + +And then finally making a breakthrough is probably one of the most satisfying feelings ever. + +I was wondering if you guys remember that day and have stories about it, that would inspire those still learning! + +Thanks for reading :) +I started my job around 2007-2008 at 25 yrs, so over the last 10 years all my savings have mostly seen great returns to the point where now I'm FI. I could retire today and live off the interest easily. + +However, like ma y people I don't expect this gravy train to run forever. Which makes me hesitant to leave my job right now where bulk of my income is going to savings and buying stocks. + +Is anyone else waiting for the next crash to buy up more stocks/real estate etc one last time while employed (whatever it may be), and only after that retiring since I believe the studies show that it's better to start your RE journey with an upwards market rather than RE followed immediately with a crash. +I keep an eye on an equifax account mainly to see accounts in my name are correct and to try and prevent fraud. + +I know many on this forum, rightly, say to take the scores with a pinch of salt. Well here is an example of why. My mortgage was paid off last month and my credit score has gone down as a result 😂 i know having credit makes you a “better” customer but the scores are clearly a bit of a work of fiction. +I see some investors like to put money into separate sector ETFs and others prefer buying VOO, VTI etc. I’m struggling to see the purpose of investing in a sector ETF like VHT compared to ETFs that cover the entire S&P 500. In my head I expect S&P ETFs to have a higher return in the long term, no? What are the benefits of picking a sector ETF over VOO? Does a mix of both make sense? +This is taken from a recruitment company, so certainly biased to declining counter offers, but I think it makes some really good points that people should think about when resigning for a better job: + +Following your resignation, you will most likely receive a counter offer from your employer. Counter offers are essentially filling a gap for a company to buy time to find your replacement. Therefore, they can afford to promise you a lucrative offer, that will not be delivered on, as you will be released from your duties as soon as they have a suitable replacement ready. + +Counter offers focus around 4 very influential aspects, and typically a counter offer will cover at least three of these areas. The objective of a company producing a counter offer is to promise a deal that sounds better then the offer you have received, and statistically the majority of people who accept counteroffers are looking for a new role within a year. + +The four areas of high influence are: + +1. Remuneration Promise. +You will be offered an increase in base salary that will be more then the offer received. This is effectively the easiest way for an organization to maintain your services whilst looking for a replacement. The reality is that this increase will be an advance on your bonus, and should you make it to the next bonus period, your total remuneration will remain the same. The employer will also promise an increase in your discretionary element, with a view of replacing you before the bonus season comes round. + +2. Emotional Attachment. +Your current employer will use senior members, including your direct report, to play on your emotional attachment to the organization. Typically, this includes the management mentioning how disappointed they are in your decision, mentioning that they had really high hopes for you, and that they saw you as a very important member to the future of the group and how you are a natural fit to grow into a senior management position. Remember, this move is about YOUR career, not your friends so don’t be emotionally bullied into staying. + +3. Promotion Promise. +Following on from the Emotional aspect, organizations look to affect your decision by making you scared of the ‘missed opportunity’. We see this consistently implemented by senior management - taking about a promotion to lead a division or a new structure, that is just round the corner. They usually say they are finalizing the strategic plans, and that you were in line for a promotion to lead an important and highly influential division. Remember, if there really was a promotion available for you, why did they wait until now to produce it? It’s just to appease you into staying. + +4. Career Development. +The employer will ask the reason behind your decision to take another opportunity, reassuring the groups commitments to the points you have mentioned. In your case they will most likely discuss how the group has a view to expand your division, and how they will deliver on the promise first made about growing you team and managerial aspects. + +Edit: Should have prefaced this a bit better. This doesn't always happen by any means. This is just a short guide on some of the potential red flags to look out for when resigning. +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Yesterday's Diamantenhände thread was a refreshing boost after it had hit some doldrums recently - thank you to everyone who posted and participated, and I hope that we can keep it going again today. Apes help Apes - you may not realize it, but the knowledge that there are many others around the world, from all different backgrounds, who also love this stock and *show up* daily to sustain other Apes... it's a beautiful thing. This community is what makes HODLing for the MOASS possible for many of us. There is a lot of effort going into making us distrust each other; into becoming disillusioned with the stock we like. Let us take a few hours together to simply enjoy these good times before they are gone. There has never been a better time to HODL GME. + +Today is Tuesday, August 3rd, and of course you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$158.11 / 133,24 €** *(volume: 916)* +- 🟩 115 minutes in: $158.20 / 133,31 € *(volume: 895)* +- 🟩 110 minutes in: $158.13 / 133,25 € *(volume: 878)* +- 🟩 105 minutes in: $157.91 / 133,06 € *(volume: 866)* +- 🟥 100 minutes in: $157.73 / 132,91 € *(volume: 861)* +- 🟩 95 minutes in: $157.96 / 133,11 € *(volume: 850)* +- ⬜ 90 minutes in: $157.50 / 132,72 € *(volume: 846)* +- 🟩 85 minutes in: $157.50 / 132,72 € *(volume: 836)* +- 🟥 80 minutes in: $157.43 / 132,66 € *(volume: 833)* +- 🟩 75 minutes in: $158.16 / 133,27 € *(volume: 623)* +- 🟩 70 minutes in: $157.74 / 132,93 € *(volume: 593)* +- 🟥 65 minutes in: $156.66 / 132,01 € *(volume: 390)* +- 🟥 60 minutes in: $156.69 / 132,04 € *(volume: 379)* +- ⬜ 55 minutes in: $156.70 / 132,05 € *(volume: 377)* +- 🟩 50 minutes in: $156.70 / 132,05 € *(volume: 375)* +- ⬜ 45 minutes in: $156.64 / 132,00 € *(volume: 371)* +- ⬜ 40 minutes in: $156.64 / 132,00 € *(volume: 370)* +- 🟥 35 minutes in: $156.64 / 132,00 € *(volume: 355)* +- 🟩 30 minutes in: $157.16 / 132,44 € *(volume: 253)* +- ⬜ 25 minutes in: $157.15 / 132,43 € *(volume: 200)* +- 🟥 20 minutes in: $157.15 / 132,43 € *(volume: 178)* +- ⬜ 15 minutes in: $157.21 / 132,48 € *(volume: 163)* +- ⬜ 10 minutes in: $157.21 / 132,48 € *(volume: 163)* +- 🟥 5 minutes in: $157.21 / 132,48 € *(volume: 161)* +- 🟥 0 minutes in: $157.39 / 132,62 € *(volume: 141)* +- 🟥 US close price: $157.65 / 132,85 € *($156.48 / 131,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18669994. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +I've asked u/thecactusblender to cover a few days later this week when I am not certain I'd be able to run this thread. Thank you so much to them for stepping in to help! + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +What’s happening: evergrande is $300 billion in debt and can’t pay up. Their interest is due today and probably won’t be able to pay. Fears of them going bankrupted are real and China more than like won’t bail them out, but instead buy them out for very cheap. Investors are now afraid they probably won’t see that money, so are selling anything they have to recoup some (crypto included). Wednesday the fed will let us know if they are going to taper or not. + +Things are already coming up so this was just a buy the dip opportunity. +I counted at least a half dozen articles pumping SE while SE was dropping like a brick… + +“Stocks that will make you rich in December” + +I learned a hard lesson in this one…the “independent” research like Motley Fool, Zacks and Seeking Alpha may not always be so independent. + +Addendum…I read lots on SE not just Motley Fool before investing for you jackasses who suggest otherwise. +It feels like whales do not care about indicators, patterns, RSI whatever else: they have money - they move the chart. It feels very unstable and I have lost the feeling of market that allows me to make profits. + +Is stock market better than crypto in this sense? +It’s like not matter what I put my money into, I lose it. And anything I sell for small profits, moves up like crazy within the next few hours or days. HOW CAN I BE THIS BAD??? + +I’ve spent over a year now learning about the market and to implement successful trading strategies but non of it fucking works. I just wanna stop throwing money down the toilet. + +I’m not looking to “hit the lottery” or buy the the next TSLA at $8. I just want to make a a nice, few hundred bucks a week if possible alongside my other investments. + +Please tell me how to not lose my money on every. Single. Trade. + +Edit: I invest in etfs and indexes in another account. I have crypto and I am saving up to buy real estate. I have this account and a percentage of my income allocated to options. I am not simply going to quit and stick to stocks. I WILL learn to trade options successfully just not immediately, but definitely. So I am simply going to save up my monthly options budget until I can sell options and in the mean time paper trade, and find a strategy I like. Thanks for all the advice everyone! Happy trading. +What's your magic cash number or stock hold where instead of re-investing gains you would take them out as a livable wage? +For instance if I get 1k shares of SPY I feel like I could live very comfortably just running the wheel. Selling weekly 10 covered calls or CSP's 4 times a month I could see someone very reasonably generating 10k a month to live on, that's even after cashing out a 70% return vice getting assigned and taking a chunk out for taxes. +Or is your idea of retirement just accumulating enough to live off dividends? +QQQ has returned over 28% this year (as of 9/25/2020). Just a few weeks ago, it was even higher topping 300. Made up primarily of "tech names", it is well ahead of the other index-based ETFs as investors and traders bid up names that have done well in a pandemic. Another way to look at QQQ is as a proxy for 3 of the biggest names - Apple, Microsoft, and Amazon - which make up about 35% of the index as it is market cap weighted. + +A review of the chart shows that QQQ dropped like everything else in March, but its recovery was certainly v-shaped: + +&#x200B; + +[1 year chart of QQQ](https://preview.redd.it/1djs7bcylqp51.png?width=499&format=png&auto=webp&s=357a60c9e614e5f671fcee0c67eb897da9e2814d) + + + +Long term I remain bullish on the stock market as a whole as well as technology. If I could go back and load up some more on QQQ at pre-COVID levels, I would. Today, we look at a way to get paid to try and buy shares at the pre-COVID peak. + +The trade is a ratio spread, specifically a put 1x2. The trade: + +* 10/30/2020 Expiration, Buy 1 258 put, sell 2 248 puts for a credit of 1.44 +* Prices are at the midpoint as of 9/25/2020 +* All trades are for educational purposes and do not constitute financial advice. + +**Possible Outcomes:** + +Here is the P&L graph of the position: + +&#x200B; + +[P&L of QQQ put 1x2](https://preview.redd.it/sxkulsh1mqp51.png?width=625&format=png&auto=webp&s=e2a6f4eabac902f854ce3248adcc540009fe0f1a) + +* This spread will make $144 if QQQ expires above 258. +* It will make more if it expires between 238 and 258 (Max of $1144 Right at 248) +* It will break even at 236.56 +* It will lose as if we were long stock below 236.56 + +**Pros to the trade:** + +If we are assigned, we'll be long shares at an equivalent of 236.56, which is below February 19 peak of 237.47. If not, then we get a nice credit of at least $144 and a shot at a much higher credit if the stock ends up between 238 and 258. + +The expected move (based on the straddle) puts QQQ near 250, which is close to our peak profit. The 1 sigma move per TOS, which is shown in the above picture, puts QQQ around 239 on the low side. + +In other words, if the market moves down and is close to the expected move, we'll end up in our profit "tent". + +**Cons to the trade:** + +\[Insert obligatory COVID-19/pandemic comment here that anything could happen\] + +We need to be willing to take ownership of 100 shares at an equivalent 236.56 (Technically, we'd be buying shares at 248). Depending on the portfolio size, this is roughly $25k. + +$144 on $23656 of risk is not a tremendous return for a 32 day hold. It is about 0.6% for the holding period or about 7% annualized. + +**Counter point to the %return con:** + +While strictly our risk is $23656, the probability of QQQ going to 0 approaches zero. This would mean that all \~100 companies go bankrupt and their shares become worthless. As an ETF based on an index, if a company does go bankrupt, it will almost certainly be replaced with another (not bankrupt) company. Last, if AMZN, MSFT, FB, AAPL, etc. all go bankrupt, we have a much bigger issue on our hands... + +The point is that our risk is likely quite a bit less, which increases our return. + +In addition, we have an opportunity to make quite a bit more than the $144 if QQQ ends up between 238 and 258. A good example of this was in a trade I posted for free on my website/Reddit on SPY ([Go Long Spy at Lower Levels](https://optionsalary.com/go-long-spy-at-lower-levels)). + +On portfolio margin the trade will use approximately $1500 of margin. For those that consider return on margin, this is obviously a much more favorable potential return percentage. + +As a reminder, placing this trade requires one to Want to go long QQQ at pre-COVID levels. The ratio spread is another way for traders to try and get long at lower levels and have the potential for a higher return than simply selling a put. + +Questions/comments are appreciated. +I only trade a handful of stocks/etfs at a time. I like a little diversification but don't like too much diversification. + +I sell mostly puts but do have some covered calls too. This week has seen a good amount of my puts go in the money simultaneously. So since I was within 21 DTE with most of those newly ITM puts, and therefore at greater risk of early assignment, I got pretty aggressive with rolling out. + +I went a little further out in time than I normally go which is 45 DTE. I also rolled most of them down to lower strikes too. I got aggressive in that I went down as low as I could go for a credit while also going beyond my usual 45 DTE. In a couple of instances I went out to 79 DTE which is 2/18/2022. + +I know standing your ground can be rewarding should price revert and by rolling out I could be lowering my yield, but I didn't like the velocity of which everything went against me and almost all of my puts going ITM at the same time. + +The covered calls picked up some of the slack otherwise my balance would be lower. As a result of the untested calls falling far out of the money I also rolled those down to collect a little extra premium. + +For now the holes in the ship's hull all seem to be plugged so just going to sit back and let theta do it's thing again. Godspeed fellow Thetagangers. +Connecting with anyone , anywhere on a completely virtual world sounds like a dream, but the reality is far from that. All these metaverse games, Sandbox (yes, I know its in alpha, but still) and Decentraland feel like cheap Roblox clones, except that you can buy some virtual land for real housing money? + +Thats not what we got promised. I know that these projects are not associated with Facebook, but then, can you consider them a virtual world? If Roblox introduced a real estate mechanic, would it make Roblox a metaverse? Probably not. + +So the debate is, what exactly is the "metaverse" ? Collection of crypto roblox games, or an actual virtual world? +I need some advice and I am making this an individual post because it might help others. I can't be the only one wondering. + +I live in a MCOL, rapidly growing area (Raleigh NC, if you are here too lets grab a drink). I am currently renting a 2300 sq ft house for 1600 in an area I hate. Terrible decision but I needed a place quick and took the first thing available about 2 years ago. + +I hate renting and have wanted to buy for a long time. I'm finally in the position to do so but feel like it could not be a worse time. Houses don't last 48 hours on the market, people are offering 20% over asking. I viewed a new build today that my realtor estimated is roughly 40k over priced and the builder is demanding 40k in earnest money to go under contract!!!! For reference, my dad bought a house 1.5 years ago that is less than 5 minutes away, is marginally bigger AND nicer for 95k less than what they are asking. + +As my first home purchase, this will potentially have a pretty huge impact on my FIRE path. I keep shying away from biting the bullet due to these insane prices and demands from sellers but the longer I look, the more I wonder if it just is what it is. Should I just bite or should I wait it out? Am I throwing my money away on this stupid over priced rental I don't like or am I wisely awaiting the burst of the bubble? + +Not sure if it matters but for context here's my numbers: 26M w/ 2 kids. Partner has modest income from unemployment at the moment but I don't factor that in as she is actively job hunting and its a finite resource. I have a tax free pension of 43k annually (military since I know someone will ask), I make 55k before taxes at my day job and also receive an irregular stipend from the GI Bill. Looking to purchase in the 300-400 range but had to go up to 500 to find anything close to what we wanted. + +I know I am in a good position for my age and fortunate - I just am freaking out about what will be my biggest ever purchase, one of my biggest ever life decision and I really don't want to mess it up. + +Edit* The buying the house in this market is relatable to many I think. What makes it specific to my FIRE journey is that I feel emboldened to jump in feet first due to my tax free pension. I think that offers me extra stability that most don't have. I guess I am FI but would like to keep it that way by not over leveraging myself +With Target stock going through a correction right now I am kinda of curious to get peoples thoughts on this stock because there seems to be two camps of people from what I seen. + +One group says the stock is undervalued being down almost 18% from its ath. Its 100 billion dollar business thats trading at a P/E of about 16 which is much lower then COST and WMT. They are a dividend king and they do share buybacks. They are also expanding their online sales and have good growth potential. + +Another group says they are somewhat overvalued. Even though being down being down almost 18% their stock shot up massively at the start of Covid. Their earnings before Covid were growing very slowly and is generally a slow growing stock that got boosted because of Covid. Their P/E is set to go up as earnings start to come down so they are not undervalued as people think. + +Either way this stock seems to be pretty controversial on how people feel on it so I am curious how value investors look at it. Are you guys a buyer or holder of Target and where are you looking to add at and where would you consider it a value play? Curious on your thoughts on this stock. Thank you for your time and your thoughts. +How do you guys go about index fund valuation? Do you dollar cost average a portion of your investment funds in index funds regardless of price? I’ve been reading the introductory value investing material (Intelligent Investor, Security Analysis, etc.) and they emphasize the overvaluation of the market due to over buying and blind hope. + +My question is mainly in regards to investing in broad index funds like the SP500 or the total market index. How do you determine if the index is overvalued to an extent where it is worth it to forestall investing? A lot of people dollar cost average to success, but do any of you analyze the index to determine a cap on what you are willing to spend? Is trying to analyze the index in this way futile? Obviously analysis for stocks within the index can be done to determine a buy case, but is attempting the same thing for a broad market index or SP index futile? There are a lot of variables at play. + +I’d just like to hear your guys’ opinions and strategies as a newbie in the field. +Is anyone interested in joining a study group, or can point me to a study group for Prof Aswath's classes? [http://pages.stern.nyu.edu/\~adamodar/New\_Home\_Page/equity.html](http://pages.stern.nyu.edu/~adamodar/New_Home_Page/equity.html) + +&#x200B; + +Much appreicated +Good morning from London fellow value investors. + +Hope you're all keeping good (and had a nice bank holiday if you're in the US) 😄. + +I have three questions, and would really appreciate your opinions/insights. (I am a law student - not a finance). Tell me if I what I am saying makes sense. + +&#x200B; + +***(1) Using the average S&P 500 return as my discount rate.*** + + \--- The discount rate, theoretically, is a measure of opportunity cost. As I understand it, the "traditional" approach is the risk-free rate (which would have been the 10 year treasury rate). For me, and I intend to be invested for the long-term, I regard the index as risk-free. There will be recessions and declines, but if you're invested in the ling-term; you can ride them out. In my head, it makes sense for me to use [the S&P 500 average 50 years (1971-2020) return is 10.9% . Inflation adjusted is 6.8%](https://www.fool.com/investing/how-to-invest/stocks/average-stock-market-return/). + +\--- **Question**: Does that sound right to you? If so, should I use the inflation adjusted or the nominal return? I think I should use the nominal because the average return is a calculation of each individual year? Am I right about that? + +***(2) Using the margin of safety to account for my risk premium as opposed to discount rate.*** + +\--- The book I am reading says that the discount rate should have an imbedded "risk premium" in the calculation. But as a value investor, that's what the margin of safety is about, right? In my head, the discount rate is basically me saying "if I have the ability to invest my capital at, let's say, 10% elsewhere; what is this business worth to me?". I then think about risk separately as a hedge in case I misjudge the business future economics, or as windage-factor against confirmation bias/overconfidence etc... And, demand 30%-50% depending on the upside-and-downside and my own estimation. In my mind, I don’t really want to compensate for risk by increasing the discount rate. If I don't think I can intuit/infer the future free cash flows, then just pass. + + \--- **Question**: How does that sound? What is your minimum margin? Do you think it's good to have one? + +***(3) I am having some trouble with WACC & CAPM. Need some help here.*** + +\---- I think I understand the logic behind WACC but I don't think I get how or why it is valuable to me. I appreciate the logic of discounting the free cash flow at the weighted average cost of capital. Growth in the business will have to be funded by capital through either debt or equity. That makes sense but why should I accept a cost of debt and/or equity that is ultimately decided by the market? In basic terms, I don't really understand why I would look to the market - in terms of either the risk premium allotted to the company by the bond market, or the beta. Everyone talks about how past performance is no reliable indictor of future performance, and yet historical price volatility is meant to reflect some risk in the future? + +I am a bit lost here and would really love to hear from people who are experts who think WACC is useful to help me see what I am missing. + +&#x200B; + +As I said, I am doing a lot of reading but I'm coming from a non-financial background. + +Thank you all for your time. 😊 +I was curious what his process was and if he would consider DCF’s too much on the speculative side of investment or if he would utilize them. I would maybe guess that Graham would think they are too speculative but I’m new and not sure so I’m curious what you guys think. +These are some notes I took from reading the book: + +Graham factors: + +* Company’s general-long term prospects +* The quality of its management +* The financial strength and capital structure +* Dividend record and current dividend rate + +Potential problems checking: + +* Company is a serial acquirer (losses from acquisitions) +* High “Cash from financing activities” on the statement of cash flow - means dilution and new debt +* Single customer (or handful) + +Positive: + +* Wide moat, i.e. brand, monopoly, unique intangible asset, resistance to substitution +* Net earnings growth in the past 10 years (10% is good) +* Develops new business +* Management (delivers what they say they will) + +&#x200B; + +Stock selection criteria: + +1. Adequate Size of the Enterprise + +2. A Sufficiently Strong Financial Condition + +3. Earnings Stability + +4. Dividend Record + +5. Earnings Growth + +6. Moderate Price/Earnings Ratio + +7. Moderate Ratio of Price to Assets + +\--- + +The book is good but a little bit outdated. + +What do you think would be good selection criteria for stocks to dig deeper into it? + +My opinion is this: + +1) sales of more than 1B +2) financial condition is tricky. Assets of some old companies have depreciated to the point of being negative. [Simplywall.st](https://Simplywall.st) checks have defined here: [https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#health](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#health) I don't think I have actually a better idea than this. +3) I don't get why EPS stability is so important. If an asset-heavy company has sold or bought an investment, EPS could fluctuate wildly +4) this one is easy, it's like some shareholder yield increase in the past 5 years, i.e. 2% and current shareholder yield at least 2.5% (if you want to catch Microsoft and companies like that) +5) earnings growth ... hmmm... OK, average EPS growth over a period of years sounds like a plan +6) PE < 32 is kind of moderate PE ratio, although some examples could be found that it excludes some companies +7) moderate PB ratio is tricksy. Apple currently has 47.53. I'm not sure if companies should be excluded for having such a high PB ratio. +I've been starting my paper trading my journey this past month. Feels like it's too good to be real. Quick history of myself, I've always been interested in stocks but everyone I talked to about it just kind of laughs off the idea that it can be a career. After working from home for a while I rekindle the idea of learning how to day trade. + +Here we are today, making progress. I've been paper trading for almost a month. At first was just honestly learning the software, thinkorswim, and a lot of the trading vocabulary. Made some stupid yet important mistakes. Stop loss is important. Made some rules that fit my style and help regulate emotions. + +I've been working in my office again lately so I've been getting up early at 0615 so I can get 45 mins of market time before work. The past week I've been green and it feels weird, almost fake. On average I've been getting 1-4% account gains before I log off, sometimes early as a rule. + +I think apart of the reason it doesn't feel real is because I'm worried paper positions are being filled/stopped faster than real money. I've been taking about 500-1k shares on $20-$30 stocks with relatively high volume. + +I plan on paper trading another month or two at least before going live. I'll have a 30k account to use. Let me know your thoughts and your experiences. Am I delusional or on the right path? +As the topic states, I have a job offer. And i have a job, the two jobs are very similar, primarily computer based. And currently I am working completely WFH, but my job offer that I am keen on, is working from office. + + +How should i request WFH before i sign any contract for the new job? +Hi all! I'm not sure if this should go in r/finance, r/stocks, or r/investing, but this seems like as good a sub as any! + +I'm curious what's up with the pre-market system. It's basically exactly like the normal market, except you can only use limit orders (at least with my broker). What's the point, and why is volume so much lower during pre-market? Wouldn't traders utilize the entire pre and post market hours to maximize opportunity? + +Big earnings jumps often happen in post or pre-markets, so why not just either close trading entirely outside of normal hours, or open it up fully, maybe even make it 24/7. Do you think 24/7 hours will ever happen with the global internet economy we have today? + +Edit: also curious about if these trades happen on the real NYSE and NASDAQ exchanges, or some kind of secondary markets + +Thanks! +This isn’t a meme anymore. Get the fuck off my back media and boomers. I’m doing what’s called value investing so eat a brown banana. + +I’m staying for the long haul cause there was so much shit uncovered that everyday for the past 4 months seems to be something new and totally illegal. + +I’m seeing a few popular posts saying organization, we, us. First off, I don’t know you, this is MY purse. I am risking my own money for my benefit. Either you’re smooth brained and new or you’re trying to intentionally hurt us and I know what the fuck you’re doing. + +I read enough DD to understand the floor price is real. I’m not paying people to do this shit or or doing giveaways like crypto is on Reddit’s front page? HAVE YOU SEEN THAT BULLSHIT LATELY? What a joke. + +Look I’m a value fucking investor, DFV wasn’t wrong when he said GameStop is under priced cause it fucking is and $200 is so underpriced and false it’s not even funny. The company has so much potential in the new era of gaming. I fully believe huge lan server event filled Internet cafes will be a thing. That’s what I’m investing for. For my generation to thrive and socialize together once Covid is said and done at these facilities thanks to GameStop. + +Let me be. Let me enjoy the memes. Let me make those fuckers pay. + +I see you Kenneth. But do you see me? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I recently had a Section 8 inspector come through one of my units prior to tenants moving in, and he found 5 outlets that were not grounded properly. I used a 12/2 wire to ground the outlets to the boxes, but they all still show as ungrounded, which makes me conclude they are not wired with metal conduit to the panel (house is quite old). My next solution was to use GFCI outlets, but I know the outlets will still show as open ground when using a tester, but will should be considered grounded in themselves. Has anyone passed an inspection using GFCI outlets instead of rewiring the entire circuit? These 5 outlets are on 3 separate circuits, so it would be quite costly and invasive. Or, could I replace the ungrounded 3 prong outlets with 2 prong outlets? Anyone know? +Just a begginer at investment here looking to learn some wisdom from fellow more experienced investors. + +I've been educating myself specially on the internet and look forward to start reading some books as well. + +It would be interesting to know some personal stories of hardships that I can learn from in advance. + +I've understand that is important to keep being rational and sticking to a plan cause emotional investment often goes wrong. + +Share whatever you want as long it was a mistake and you learned something from it. Any help is much appreciated, thanks! +I'm trying to get a better picture of how much awareness there was of the booming tech industry in the 1990s and early 2000s. + +How comparable is it to the crypto boom today or any other (tech-unrelated) field? + +&#x200B; + +It seemed very easy to just make a "startup" if you were into programming and could actually build something of value. Sure the resources were not really there and the tools were limited. Making a simple website was for example much harder than it is nowadays. However many people could have tried their luck but they didnt. I'm trying to figure out why. Maybe only a few people knew about the upcoming new technology or they heard of it but remained sceptical? +I've been trying to understand what's been going on with the economy, but certain things in economics, particularly in capitalism, just don't make sense to me. + +* Part of capitalism is that more goods are produced than are needed. Yet people still go without. Why? + +* Industrial automation means there are fewer people needed to produce all needed goods and services. So the number of jobs that need to be done shrinks. Yet everyone has to find a job, to earn money, to buy needed goods and services. Why? How? + +* Capitalism seems based on endless expansion. But resources are finite. Doesn't that make the economy one giant Ponzi scheme? + +* Nobody has any money to spend in a recession. But they had money before the recession. Where did it all go? Even if one says, "They spent it all," all that means is the people with money gave it to other people in exchange for goods and services. So the other people should have the money, but they don't either. Why? How? WTF? + +EDIT: Crap in a hat, I didn't expect this many replies. I'm not a troll; I'm apparently just that ignorant. I'm wondering if I should print out this page, drive down to my old college, show it to them, and ask them not only how I passed macroeconomics without understanding any of the underlying premises of economics, but how I learned more on Reddit in one day than in four months in a classroom. +Obviously you have to listen to the entire episode to understand the topic better. I hope my title is not misleading. i tried to best explain the concept in 1 sentence, but hour from now i will possible realize an error or un-intentional mis-representation of the issue. So apologies if that turns out to be the case. + +Listen to the episode, it discusses how people in certain types of stress, like financial stress essentially justify purchases without realizing it is a bad idea. + +This can even effect those of us with plenty of money. It is about the mental blocks we create when we feel a scarcity in some way. so this is also a good listen for people in all kinds of situations even the middle class and wealthy. It just happens to focus on financial scarcity. + +Anyways, even if it does not directly solve an issue, i always find it good to understand how our minds work, and then maybe we can catch ourselves when and if we go into these mental states. + +If only to stop us at checkout and make us think "Hey, wait. Am i doing that mental Justification and not actually making a good choice right now?" + +Here is the link to the Episode: [https://www.npr.org/2018/04/02/598119170/the-scarcity-trap-why-we-keep-digging-when-were-stuck-in-a-hole](https://www.npr.org/2018/04/02/598119170/the-scarcity-trap-why-we-keep-digging-when-were-stuck-in-a-hole) + +If you have a podcast app and look up "Hidden Brain" it is the April 2nd, 2018 episode, shouldn't be too far down the list. + +DISCLAIMER: This is hidden brain not some media news show trying to tell you how to think and live. Hidden Brain tends to be an extremely open minded podcast. It simply discusses studies and observations. It is not always delivering absolute facts. Sometimes it is just debating a topic and has no final conclusion. In fact it often leaves many things up in the air and just gives you various sides of the topic to think about. I am not saying this is some absolute fact and neither are they. It is just an interesting thing to think about and possibly watch out for. If it can help 1 person and applies to no one else. Well at least 1 person was helped and the rest of us have a nice conversation starter. + FUD. Let’s tackle FUD. Mainly why shorts have not covered, using logic and data. + +# A Hole was Dug before January 2021 + +Shorts were starting to cover heading into the end of 2020 once they realised they were unable to suppress the price back down via shorting heading from \~70mm down to 55mm, this coincides with retail's surge in interest in November 2020. + +As a result, shorts were still 55mm shares short, as we’ve speculated, and Mark Cuban among others have said - their aim is not to cover. + +I believe this is wrong, at least in 2020 before shit took off. They were shorting it well before its lows in 2020 of roughly $3-4. This means, “covering” in this period is them taking profit in the wake of Hestia capital and Michael Burry coming into the picture in 2020. They would have likely realised, this is the best they’re gonna be able to take profit at. Which is why they started to “cover”. + +This aligns with the theory that they’ve dug themselves a deeper hole. As we can observe below (highlighted in red) the largest jump coincides with a price of \~$10 in November 2020. + +&#x200B; + +[https:\/\/ihsmarkit.com\/research-analysis\/borrow-dynamics-around-gamestop-proxy-vote.html](https://preview.redd.it/ex05d1l95cv61.png?width=689&format=png&auto=webp&s=2fb14112092e6fcba1963cfc72bde92f7e22412f) + +Connecting this to GMEs price action, the $10 mark would suggest a potential threshold area of where they entered a short position (blue line in the chart below). + +&#x200B; + +https://preview.redd.it/nzaihxwb5cv61.png?width=1029&format=png&auto=webp&s=fb262064cac78541b2675c41352bc7229a88f75b + +This is just an estimate based on short interest, we can actually go through 13F filings to see if this lines up. + +**Digging through 13F Position Filings** + +&#x200B; + +https://preview.redd.it/qeckhjwd5cv61.png?width=1005&format=png&auto=webp&s=94612962f65c2b0d38fa1df4897d054edcf8e701 + +Let’s start off with Melvin, there are a few interesting observations: + +1. They only ever took out put positions on GME, never hedging with any type of call position +2. There was 1 filing where they held a share position back in 2015 +3. Aggressive put positions ramped up big time in March 2019 + +# 🚀 Speculation Warning 🚀 + +That aggressive spike in March 2019 was likely the beginning of Melvin’s plan to short the shit out of GME and make $$. + +Taking the weighted average of put position volume and the imputed share price from the filing gives us a price of: **$9.41.** + +This is spot on with the initial assessment above of $10. So we can speculate that this is the price they needed to cover before to avoid being in the red, which aligns with the spike in short interest, attempting and outrightly failing to suppress the price below this figure. + +&#x200B; + +https://preview.redd.it/bn77zjkh5cv61.png?width=988&format=png&auto=webp&s=b3e263a44f8da714c5457bc0d775218bb068296f + +For those interested, here are what Citadels filings look like: + +1. They hedge their puts with calls (unlike our risky friend Melvin) +2. 9 months later in March 2020 is when we see Citadel jump on board the train +3. A strong degree of correlation between share position and share price + +Feel free to speculate further on this. + +# Everyone's Fav Type of Data! + +&#x200B; + +https://preview.redd.it/vydhssyj5cv61.png?width=1003&format=png&auto=webp&s=e77f9e83ce11c76b0aef2d90607fc0b4ed00a78e + +Just to drive this point home, check out the short volume above, we can see that the systemic shorting problem began in the first half of 2019 which is exactly when we see both Shitadel and Melvin put positions start to go off the charts. Clearly, it’s not just a coincidence. + +It also gives us greater confidence in the **$9.41** figure we came up with above as we’re focusing on the right period. + +This means September 2020 would have signified a risky period to them given this is where the price started to approach the $10 mark for the first time since April 2019. Note that this is still a relatively low price, so that’s why we don’t see option positions fall off a cliff in the 2020-12-31 filing. + +Albeit Shitadel still pulled back in their position as a likely result of the price increase, noting that Melvin did not - but we know they have a higher risk appetite given they did not even bother hedging with calls. + +**Takeaway**: The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. + +\-- End of speculation + +# Clarification on Volume + +You might be going woh! 154.1M shares shorted in 2021 H1! That’s like 2x the float! + +We’ve uncovered A LOT of methods that HFs can use to suppress upward price pressure, namely specific order types and dark pools (also known as alternative trading systems ATS). So do not interpret the above as being purely short interest, as it’s likely a decent portion has been covered. + + However, it’s also just as likely that a portion has not been covered, which again we know some methods to make it look like they “covered” the short positions such as deceptive options trading or not covering and resetting FTD timers. + +# How does the Short Volume get so High? + +Dr. Susanne Timbath covers this in her books and I’m sure we’ll get a great explanation from her come the AMA this Thursday. + +I’ll leave you with a short explanation here though beforehand based on previous Q&As she has given and content within her book. + +# The Share Borrowing Program + +[This is](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) essentially a self-replenishing lending pool, but the key is actually how it works in “wording”. While it’s called a borrowing program, it does not actually track the lender, only the borrower. + +So in essence, the same shares **are not lent twice** by the same broker, But they are **not keeping track of which share was used to settle which trade**, so if I buy 100 GME shares, i could be getting 50 borrowed shares - these 50 shares can then be loaned a second time since the trade has been marked as “settled”. + +I have no doubt we’ll get a far richer explanation from Dr. Timbath in the coming week, and I encourage all to watch it. If not for your education, but to feed that confirmation bias ;) Further to that, I'm sure u/atobitt will further explain this in detail, so I’ll leave it to him to expand - in the meantime, back to the unlikely focus of this post. + +# Dispelling FUD | Saving their Ammo + +There is a common theme I see floating around which is they are saving their ammo, each day we see the borrowed shares get drained out then replenished, but no price action, not even down! Gimme that dip! + +The second part of this is that the ammo they are “saving” is to tank the price during the squeeze. + +&#x200B; + +https://preview.redd.it/eyjdmjdp5cv61.png?width=1013&format=png&auto=webp&s=f5bd362d54ef13b272b98b0c772fc41554eafa9c + +So above we have short volume as a % of total daily volume for GME. On the left, we’re looking at the distribution of the % short volume from Jan-2020 onwards. On the right, we’re looking at the daily % of short volume. + +So the main thing we observe is that excluding the crazy behavior in late January, the short volume has remained pretty darn similar to the median of 5% in the left histogram for the past year and 4 months. This means they are shorting as per normal, using regular HFT techniques to control the price - it does not imply they are “saving ammo”. + +&#x200B; + +https://preview.redd.it/7hg3qkvq5cv61.png?width=1002&format=png&auto=webp&s=7e84a27f4b7bc235e1bf47e719f326114492d6ec + +Instead, they likely save ammo on a short-term basis to handle days when there is expected buy pressure, which we can observe in April-2021 among many other months. Short volume sits low at the 250k mark which from what I observe in iborrow, is usually around the 200k-500k mark shares available to borrow each day. But they then end up blowing it on a few days spike up to the 1M+ mark. So there is no real foundations to this FUD being spread that they are saving ammo (I recall suggesting theory a **long** time ago, don’t know where or when, but obviously i was wrong). + +# Dispelling FUD | Shorts have Covered + +This comes in MANY forms, thanks to how Fintel changed how they calculate short interest, this was the main trigger in holders believing shorts may have covered. + +Dark pools. Or ATS, whatever you prefer to call them. The MOST important point we need to be aware of is that NYSE short interest only includes short positions cleared by FINRA member broker-dealers. This is what Fintel bases their calculations on, along with the formula change, which is one reason why it dropped - the other major reason is that dark pools (ATS) who are not registered with FINRA implies that short positions are not included. + +So you can view that as a double whammy. We only recently observed dark pool exchanges trading GME trades (to suppress buy pressure). I bet if we were aware in January, we’d have a much clearer picture of why short interest % dropped so much. + +# Closing Remarks + +WTF did I just read? I had the same thought when writing it. It bounced from one thing to another, then another. The key theme though is dispelling FUD. Data is the best way to do this, and it’s important - but to highlight a fact that data is not all telling. This is how I interpret the data, and if you interpret it another way please share! + +Knowledge is power. + +# TL;DR + +1. The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. +2. HFs are not saving ammo to tank the price during the squeeze, they are too busy managing day-to-day buy pressure +3. There are multiple ways shorts can “pretend” to cover their shorts, it’s impossible to tell - but given the prior evidence, it suggests they are using options, as we know and dark pools (which is a plausible explanation for why Fintel % short interest dropped so much along with them changing the formula) + +As always, conjecture is our friend and my friend - hit me up in the comments or via PM! +Hi all, + +I've searched up and down and didn't see anything close to my situation with my specifics. Similarly, because this situation is, I think, unique, I figured I would post here to see if anyone can help me out. + +Currently, I have about $20k in debt on a single credit card- thats the only debt I have. I have been paying roughly $400 month on the card to try an pay it off, but somehow it seems like the balance stays right at $20k regardless of what I do- the interest seems to be the culprit in this (the APR on the card says "12.15% [Prime + 7.65%]"). It feels like a two steps forward one step back kinda deal. + +I do have about $20K in mutual funds (Trad. IRA) at the moment and as I am sure most of you would agree with, there is absolutely no way I should cash that out to pay the debt...or should I? The idea being that once the debt is paid, I can replenish my mutual fund so I won't keep gaining interest and actually pay the card off? I also thought about trying to transfer the balance to another credit card with an 0% APR to start and try to aggressively pay it off. The problem with this is that with other bills, etc. I have enough to put some away in savings and then some for me. + +My credit score sucks right now at just over 600 due to some medical bills I am fighting at the moment. + +I REALLY just want to get this debt paid off and move on from it, I feel like its been years like this and I am throwing my money away. + +If anyone has advice, or more questions to clarify, please ask- I am begging you and want this to be done with! I am 35 and planning to move across the country at the end of the year with my partner to start a family and would like to knock off as much debt as possible. + +Thank you in advance! + +Edit 1: Mutual Fund is Traditional IRA + +Edit 2: I appreciate all the comments and suggestions...THANK YOU ALL! - it has been eye-opening for me. I have to step away from my computer for the rest of the day, but will try to reply to everyone when I get back and update with what I decide on as my plan of attack! Thank you! +The ride-hailing company is said to be valued at $120 billion. The company has yet to generate any profits for its early shareholders and debt-holders. In the recent quarter, Uber lost $1.1 billion on $2.95 billion revenue. + +https://www.bloomberg.com/news/articles/2018-12-11/uber-is-said-to-select-morgan-stanley-to-lead-2019-ipo +So I have just got an email from Amazon, stating that from 19th Jan they will no longer accept Visa Credit Cards due to high fees (but can still use Amex). Has anyone else got this email? If it was closer to April I thought it would have been a joke! My Barclaycard rewards card is how I pay for everything on Amazon. I can see there being a backlash +How many of you gift up to the allowable taxable limit on a yearly basis? My grandfather used to give us (me, my brother and my parents), 10k (which was the limit at the time) each year, thinking we’d be able to use it now vs waiting for him to die. (That said, he had a lot more when he died). But I’m trying to figure out if having that safety net as a young person, knowing that money was coming every year, was a good thing or if it made me lazier than I would have been otherwise. AND if it would be a good thing to do for my own kids (who are 26, 23, 22 and 21). Or if it may actually be harmful. What are your thoughts on giving adult children money like that? + +Edited: So my own experience in receiving the 10k checks enabled us (I was married young) to purchase a new car with cash (we spent 26k on a new VW Passat wagon in 1996 with the help of one or two of those checks) when I was pregnant and my husband was entering law school. So yes that was helpful. I saw it as a nice cushion. We never had debt (until law school and then it was a very low interest rate) but we also were not big spenders. I did use the check to invest, some years. I bought some Apple stock (and sold it at some point for a handy profit down the line, probably for the house down payment) and one year we bought a piano with it. So, not wasteful! I never bought designer handbags or went on any shopping sprees. I think one of the responses was correct when they said “it depends on the kid”. But of course if we do it for one, we do it for all. Ironically (or maybe not so ironically), my child with the most respect for and care of money is the one who needs it least. Although all of them are holding their own and fully employed except my son who’s still in college. +I was at a basic chain grocery store today (Safeway) and for once looked at the prices while ringing stuff up. I use a food prep/delivery service and only shop for me so I don’t need to go to the grocery store very much. + +$15 for a small ish bottle of detergent? + +$5 for a single stick of men’s deodorant? + +I can’t imagine being in a position of someone just trying to get by. Either inflation is getting real or a lot of time went by in a flash, and I just didn’t notice the slow creep up in prices over the years. Seems you used to be able to get some basics and be out of there for under $20. + +Now it seems like over $100 is typical. + +I feel old. + +Im done. The market makes no fucking sense to me anymore, any slight belief that i knew what i was doing has gone out the goddamn window. Losing thousands upon thousands of dollars has broken me on the inside. Im going out with one last wager and if it doesn’t work, mark my words, I will go and suck a dick, im a straight man and I will suck a fucking human noodle if SPY isn’t below 210 on 5/8. + +TLDR, SPY 210p 5/1 ALL IN, if lose then i, a straight man, will suck a dick. Thanks for your time and fuck you if your reading this. +[Investing in Happiness video](https://www.youtube.com/watch?v=iNZk-N6uDcg) is a very accurate take on how individuals in FI/RE need to understand what they want in life and create their ideal life prior to pursuing FI/RE. I watched the entire video and it really dove into a lot of the topics many people post in this subreddit: happiness, purpose, passions, post-achievement depression, and much more. How are you guys investing in your happiness? Recently i invested in a $100 per month gym membership so that I can workout. In the long run it will pay off, but I remember I was reluctant to spend that much at first. +I am in economics this year and we will be playing the stock market game. Everyone will be giving $100,000 in fake money and are going to invested in a three month period. At the end of the three months will see who did the best I was wondering what you guys would think the best investment strategy with $100,000. Should I be risking it more because we’re playing it for a shorter amount of time? Or should I stick to just normal investment and see how it goes? I’m fairly new and I know very little about stocks. I know like the big ones I also know a little bit about meme stocks but I just wanted to know everyone’s opinion. Thank you very much for your opinion. +My next dollar neighbor is always talking about all the money she is making in the stock market due to her genius financial planner. My neighbor says that he is an investment genius and gave her a portfolio based on her age that is 80% stocks and 20% bond funds. My neighbor is about 50 years old. + +While I don't know the exact portfolio I do know it involves about 20 different stock and bond mutual funds and ETFs. The fee for the advisor is about 1.5% of her portfolio value per year. This does not include the fees of the actual investments. + +Do you think all those investments would beat a standard Target Date Fund for someone her age? +**EDIT #3** 3:10P EST: *sigh* No bs, ex-GF is threatening to "fuck off" roomies credit and purposely damage assets after their discussion about the car delinquency. Can anyone offer a suggestion before something goes wrong? Real stressful times man. Link to the other post [here](https://www.reddit.com/r/legaladvice/comments/6wtib4/ct21mupdate_sigh_exso_stating_that_she_has_ssn/). I didn't want to edit it into here cause I didn't think it would get enough attention and I'm just so stressed out. I definitely think both posts warrant their own dicussion thread. Once again, thank you to everyone and anyone who offers suggestions and advice; I really appreciate it. + +----------------------------------------------------------------------------------------------------- + +So, long story short this is a brother to me. We're not related but we've been through a lot. I invited him to live with me splitting expenses when he was on his last dollar. I promised him that I'd never let him be homeless again. This was late April. + +He came from another state and had an SO. He had an apartment under his name with her and (stupidly, which I told him not to) financed a 2016 Kia something. Came out to like 16K initially. He left the SO and the car out in the other state and came to live with me after things with her spiraled downhill. He knew that being around her wouldn't be healthy and he couldn't progress. So that's the back story. + +Foolishly, again against my advisement, he left the car (which is **joint responsibility** in between the two them in the other state in the SO's hands instead of giving it back to the dealership. Four months later, we were thinking about a small personal loan so he could get a $1,500-$3,000 car just for work and a small $1,000 emergency fund. So... we run his credit report. + +It returns with a freaking 486, 492 and 496, from all three major credit agencies and **5 collections accounts**, **4** of which were **tickets** (that he knew about, but didn't know hit collections) and the **5th** which blindsided the both of us, **$499 past due** on the vehicle with the last payment received on f**cking April 1st, 2017 and the first delinquency on June 1st, 2017. + +Basically, his ex-SO screwed him and broke her promise to pay the car, tanking both of their credit scores. + +Here are the debts in total (not 100% accurate cause I'm on laptop not home PC): + +- Car, joint with SO - **$15,500** initial takeout. About **14,000 owed**. No payment since 04/01. He hasn't spoken to old SO in months. Do you think the repossessed the car? What should he do about this? + +He wants to give them back the car but if they're gonna take the car and make them pay the $14,000 debt, then that'd just be stupid. What if they take the car for used value (I guess $9,000), remove that from the $14,000 debt and split it evenly amongst the two debtors? That would be ~$2,500-$3,000 sans any fees. Is that how they do things or? + +- Ticket from old state for license suspension. Owe's $3,000 on license, takes $1,000 to get reinstated but the collection debt is **$1,272**. + +- Ticket from old state. Don't know what it is. He has about 3 of them all around the $3-$500 range. I'll ask more about what these are from exactly, but I'm more worried about the financial ramifications. + +**EDIT: 2:13P EST**: Let me just also add that he doesn't have state health care (Husky) or any for that matter so seeking guidance, help, therapy and/or counseling is not a viable option right now. Sorry I didn't mention that earlier, my apologies. + +Like the title says, yes, my roommate is about the closest thing to at the lowest point I've ever seen. He has $0 savings and probably $100 to his name after bills. He doesn't have a car and I couldn't even give him my old one to get a better job but he can't even drive it cause of his suspended license. He has **no** college credits and has failed out of two different state institutions (sigh, probably both of which he owes money to now). + +He works 35-40 hours a week at Dunkin' Donuts making like $10.50/h. I don't want this to be my brother, I don't want this to be his life. I just don't know how to get him out of this spot. We are literal **complete polar opposites.** + +All family is in another state and he grew up in the foster care system. He left foster care on his own when he was 18 for the freedom. Is there anyways we can get the benefits back from him or? + +No health care to his name right now, however we have free health care available to us in our state. Does anybody know how long it takes to get this done? + +I'm the one with the 739 credit score, 51 college credits, job for last 20 months, two cars in my name, $0 debt, 4-digits savings and the apartment is in my name. I really don't know how to help him out and it's so, so, so frustrating. + +Please, please, **please**, *anybody* that could give us *any* guidance would be **SO** appreciated. I mean wholeheartedly. Because it's draining me because I care so much about this kid and it's clearly draining him because I mean, just look at that situation. + +Is there anything we could do? Any trades you guys would recommend? Changes don't have to be immediate, but they just have to happen ): + +Thanks so much guys :/ + +**EDIT**: Should he file for bankruptcy? I mean, his credit is so shit that it wouldn't make a difference but I **KNOW** that *nobody* wants to speak to you for the next 7 years after that, and I wouldn't call this an amount of "unrepayable debt." + +**EDIT #2:** I have a stats class at 3:55P EST and I'm just going to relax right now. I didn't know this post was going to get this much attention (6.3k at time of viewing, 2:10P EST) and I can't respond to everyone, whether right away or all together. Please, however, know that I am reading everyone's perspectives and points of view and will allow him to read them as well, if he pleases. Thank you all so much for your time and care, and hopefully I'll be able to update this post when he's made/leaning towards a decision. +Ive just done my first two nights of doordash, driving a total of 6hours and earning $240. That’s $40 per hour. + +Now tonight, I earned $180, and travelled close to 200kms. +If I were to deduct my kms using the cents/km method at 72c/km (0.72/200=$144) That would mean my taxable income tonight is just $36… + +Furthermore, if I did this more consistently I’d be claiming rego, insurance, tyres, services, etc. Wouldn’t the ATO end up owing me money? + +Am I completely missing something here?? Thanks for your help. + +EDIT: Thanks for all the great responses and insight. I’ll be tracking my numbers as best I can over the next few weeks-months (we will see how long it lasts) and will post the results back here when I’m done! + +FINAL EDIT: It turns out, as implied by many of the commenters on this post, that it really isn’t worth it. I won’t be lasting as long as I planned, and I don’t know the best way to attach my unfinished, messy spreadsheets. + +The general findings: pay during peak hour @ $40+/h is closer to $15/h when considering all costs attributed with driving your own vehicle. This may drastically vary if you use a moped, or other more cost effective form of transport. + +Working during quiet hours is not even close to worth it. Maybe if you’re running it on multiple apps it would be. + +It was fun while it lasted but the $15 an hour doesn’t even consider the risk of crashing and the complications that follow. + +TLDR: Under most circumstances, doordash isn’t worth it. +Today I paid a couple of separate bills with my pay check and then sudden realized I did the math just a bit wrong and was going to overdraft my checking account by a bit. I started to mentally berate myself when suddenly I realized that for the first time I had money in my savings account to transfer and cover it. +It was a good feeling. +Hi guys, I have a question for you all how do you deal with the temptation of trading 0 DTE options (aka FD) ? + +I believe some of us have some sort of alarm (QQQ's RSI by email for me) or we will receive some market news during the day (subscribed to multiple email newsletters) to manage our 30-45 DTE positions or when our strikes are breached. + +Day trading options based on these news has been very detrimental for my account (I usually over estimate the news impact, or get whipsawed). + +Any tips are greatly appreciated! +Currently have 100 shares of AMZN which I bought at an average of $118.67. Is this the time now to sell $95p and collect premium? + +I’m assuming the risk with this is, IF it hits this price, & I get assigned, I’ll lose a lot, right? +I've done my DD on running the wheel and understand where the risk is, but reading about hypothetical stock prices only get me so far. Can anyone share a personal story about getting burned and why/how it happened? +What are your arguments against going all in on building positions via wheeling in all the chipmakers that stand to benefit from the CHIPS act? INTC, NVDA, AMD, TXN, etc? +Very excited, I have only shared this with close family members. My wife and I are completely debt free. I did this mostly by working my butt off starting a marketing agency three years ago. I doubled my income each year and hope to do it again. + +Our debt was: +$175k house loan (live in duplex so we get rental income) +$45k student loans +$15k Medical bills from having child two years deductibles wife + kid (deductible reset during complicated pregnancy) + +Other major expenses +Cars we bought with cash $6k each + +We just limited our spending and threw all our income at our debt. Mostly free or used items for child, except car seat. + +Some serious hustling, 70 hour weeks first year and a half. Now I can get away with 50 hours. Got employees now. My wife works part time. + + +I ran across [this article on CNN](https://edition.cnn.com/travel/article/ollolai-italy-one-euro-homes/index.html) this morning while drinking coffee. + +The TLDR is: Abandoned homes in a shrinking Italian village really are being sold for a dollar...you have 3 years to renovate the home and make it livable at an average cost of about $25,000 - so still a good deal. + +Perhaps a good compromise between home and risking your life on a cheap Chinese scooter in Southeast Asia? :D + +I thought this would be appropriate given the current tug-of-war of **Retire to LCOL Country: Friend or Foe?** + +EDIT: I want to edit in a link to a comment from someone in Italy more familiar with the situation so that it doesn't get lost in the fray: https://www.reddit.com/r/financialindependence/comments/7u0z8h/1_homes_in_italy_with_a_small_catch/dth5k0h/ Thanks, /u/retal1ator +All the posts coming out on the number of registered accounts is just the beginning. Imagine where we will be in a week. Two weeks. Three weeks. As the account number goes up, the average holder needs less and less gme for us to own the float. + +Listen and listen close. If DRS is in fact the key to the squeeze we’ve all been waiting for, and based on the rate of accounts being made, something big will happen within the next 30 days. I can’t imagine the fear the SHF are going through as they try to appear strong. I don’t for one second believe they expected this many directed registration. As always, also expect fuckery and crime. + +But what really jacks my tits is the sole fact of how they expect to wiggle out of a scenario where the shares are ripped from their hands and directly registered. We are the catalysts guys. And I have a really hard time understanding how they could possibly win in this reality we’ve created for them, as individual investors of course with no collective motives. + +Edit: I forgot to Mention, DRS if you believe in it. Big or small apes, it all matters. I’m trying to gather some cash to pay for mine, since I’m a Canadian student ape who’s super broke, I have to pay 300$ for the transfer fee. Do what you can. If your able to transfer but your not doing it, this squeeze strays farther from our reach. + +Edit: source for the 250k accounts. + +https://reddit.com/r/Superstonk/comments/ptyxww/speculation_your_computershare_account_tells_you/ +Not sure if this belongs here but it is important for everyone to know. When you use smile.amazon, a portion of the proceeds goes to a charity of your choice. It’s a a small amount but with the billions being spent it will definitely make a difference. +Hello, this question is directed at full time traders of all ages/experience levels. I am a profitable trader but only part time and I'm wondering how life would look as a full time trader. + +What timeframe do you trade and how often are you on the screen? What does the rest of your day look like? + +Do you trade and travel or just stay at home? + +Do you get lonely/bored or feel disconnected without a "normal" job? + +After consistent profitability over many months do you still find it fullfilling? + +Do you have any other projects or just focus on the trading? + +Any regrets at all? Any negatives from being a trader (perceptions from friends/fam/dating etc)? + +And ofc what are the good parts of being a full time trader? + +So yeah im just trying to gauge whether full time trading is for me or to continue alongside my career. I'm undecided atm and would appreciate hearing about people's experiences. +Small post a week ago, I was asked to update when I had made some strides. So here we are. + +After I got such encouraging responses and understanding, it sort of buoyed me with hope. I made the calls that filled me with such deep dark dread. But I made them. + +I called the NDH and the woman I spoke to was just so extraordinarily unhelpful, truly it was baffling how llittle information she could give me. So I moved on. I called Commbank. I called a registered trustee and got some information. I called SPER and got on a payment plan, which the WONDERFUL woman is starting in a month so I have a bit of breathing room to get everything else sorted first. + +But the most astonishing resource was AFSA. I called and spoke to someone for about 40 minutes, he was patient and helpful and kind, and really talked to me on a human level which is something I needed. + +The outcome of all this is: + +The credit card and loan and bill will be dealt with by bankruptcy (budgeted, budgeted again, budgeted some more, and there is no way out apart from it. And that's okay. I understand the ramifications, but I also understand it will help me start over... in a way. I have a friend who went through bankruptcy a while back and his life is inspiring, he got from where I am to a wonderful position... I've never seen anyone better with money and budgeting. He has a loan and a car and a house, and he's helped me a lot with this decision). The SPER debt I will pay off in installments, the community service wasn't an option as I am employed. + +I have applied for so so many jobs. I need a less toxic workplace that pays me what I'm worth... really this is for my sanity and mental health as much as it is for the money!! + +But the cherry on the sundae: I spoke to my GP and got referred to someone who specialises in my brand of PTSD. Have yet to make that call, but I'm working on it. I need more help than I was getting and I'm reaching out for it. + +The cherry on the sundae for this subreddit though: my partner and I will be going through the Barefoot Investor once the bankruptcy has been approved/begun. + +Thank you again for the people who were kind, I appreciate every understanding and patient word I recieved. +Now it's being used every day, it will be interesting to see how things are priced. Four leading zeroes ain't gonna work. Will we go straight to Sats, or will some new name or denomination emerge? + +I guess it's fair that as a reward for being the first adopters, El Salvador gets to choose. +Am moving overseas (from California, USA) in 2019 and from what I gather, I need a US based address for US Investment accounts, including credit cards. I travelhack for fun (and $avings) so these credit cards are important to me. I rely 100% from passive income from US based investment portfolio. Using friends or family is not an option. + +Edit: establishing domicile/ residency in a no-income-tax state is important as I also like to sever fiscal ties with California as its tax implications are quite material to me (my dividends are taxed in CA as ordinary income). I also plan to do substantial Roth Conversions and LT Capital Gain harvesting so state tax becomes significant expense. + +Summary of what I plan to do - thanks to helpful responses below: + +Establish residency/ domicile in Florida (one of seven no-income-tax states) first before moving overseas. I looked up FL residency requirements and I may have to demonstrate living there for at least six months to really sever ties with my old friend, California. Overseas move (to France) will just have to wait a few months later than planned. I think that is worth it - time I have plenty.... LOL! #FIREisFreedom! + +Thanks all! +So I am 23 and have managed to save yo around $60,000 and I am looking to purchase my first rental home property. I have read a little online on how to start but I was wondering if some of you guys could help with a step by step in a way. Thanks +Background: California condo. Current rent is $1900 and has stable tenants completing their 2nd 1-year lease in April 2020. They will very likely be staying for another year, but they have been pretty open with us regarding starting a family and potentially being interested in starting a family. It's a one-bedroom so they will probably be looking to move if that happens. + +Due to an increase in HOA fees for us, we are going to increase the rent at the end of the lease. I've seen templates for this, but haven't seen one for how we want to do it. + +Basically, we want to offer a month to month lease with a 5% increase, or they can sign another 1 year lease for a 3% increase. + +What's the best way to go about putting this in a document for them? +There was a SEC filing yesterday about Boring Company. Musk seems to have raised $113 Million for digging tunnels. + +Very interesting thing every one is missing is 90% of that money came from Elon Musk. + +a) 90% came from Elon Musk, with the rest from early employees. No venture capitalists or outside investors are involved according to the company. Normal startups are funded by at least 90% VC $, but smart guys moved away from Elon, so he has to fund it himself + +https://twitter.com/Lebeaucarnews/status/985994145805238273 + +b) Or is it because Elon Musk expects Bankruptcy and this is a potential way to divest personally from Tesla without triggering any 144s. GoPro founder did this years ago, by "gifting" shares to a charity trust he controlled when he was still under IPO holding rules. It was a way to get $$$ out before the decline. + +I am curious what everyone thinks here + +I just watched a video from CMC discussing DAOs, and at first I was like, oh cool she’s making all the good points, but then she continued and even more so at the end, I was like *….wait a minute….* this is oddly similar in structure and content to my recent info post about DAOs. + +[Week old post for reference](https://np.reddit.com/r/CryptoCurrency/comments/ragxwq/i_spent_5_hours_researching_what_a_dao_is_so_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[CMC video from 2 days ago](https://m.youtube.com/watch?v=zzE3fpOqJbc.) + +Now mind you my post was a large aggregation of multiple sources of information, but tell me what you think, my old post and this video are just too similar in format and examples used! + +I’m both flattered and upset. + +**Edit:** CMC has allegedly responded, here is a [Reddit link to a now deleted comment from CMC](https://np.reddit.com/r/CryptoCurrency/comments/rfnmjg/coinmarketcap_stole_my_recent_reddit_post_about/hohpen9/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on this post that can now not be found. +As the post states, I've reached a point in my trading where I'm starting to get decent returns. I want to get my portfolio to a certain point, and from there just try to make a certain amount daily to cover me and my family's lifestyle. + +But I have this overwhelming anxiety nagging at me that all of this will lead to nothing and that these returns I'm beginning to see are too good to be true. It is getting to the point where it's starting to affect my trades, almost as if I'm compulsively rooting against myself sometimes. + +Does anybody else deal with this and if you're a successful trader, how did you deal with it? +Because I work with computers all my friends are thinking that I'm a crypto master. But when they ask me about it I usually say I don't have any crypto, I don't know anything about it and I can't tell them if they should buy or not. They bought crypto anyway and tried to convince me that they are all going to be rich as fuck. + +Right now in this crash they are searching someone to blame. They hate each other, they went crazy, they are posting shit about crypto and are always telling me that they made a huge mistake and that they will sell everything soon. They can't handle to dip. + +I have crypto and keeping it a secret was the best idea I had. If not those guys would have started to blame me for everything. + +* + +Edit: Holy shit my first awards! Thank you guys. Feels great :) + +Edit2: its the first time I got gold. Now I know the feeling of a millionaire :) + +Edit3: stay strong and hodl! I would hodl but you know I don't have any crypto. + +Edit4: this is not a financial advice because I don't own any crypto. I swear to god! + +Edit5: I tried to upvote every single post in here bc somebody wrote that one karma is worth like 8 cents in moons. I'm gonna make you all rich! Except you Carl. Nobody likes you, Carl! +I am supposed to be a social worker who works for free but honestly I don't have the skills, knowledge and credentials to be called a social worker. I am just an MD-PhD student in real life trying to help out needy individuals on /near my Native American reservation. + + + + +In the present case, I am trying to help this non-Native white woman who has lost everything, from her job to her savings, health insurance - everything - thanks to cancer and an unsympathetic employer. So I thought I would ask the opinion of this useful sub for advice. + + + +Obviously this woman has rights to health insurance, even though she has lost her job. I think that's called Cobra or something like that. What else can she get to enable her to get back on her feet? She is 59 years old and a US citizen, so a few years away from social security. +So much for a buy and hold strategy I guess. + +https://www.bloomberg.com/news/articles/2018-02-12/record-23-billion-flees-world-s-largest-etf-as-panic-reigns + +"Investors actively abandoned the world’s biggest passive fund during the onset of market mayhem. + +The SPDR S&P 500 exchange-traded fund (ticker SPY) suffered a record $23.6 billion in outflows last week amid the worst momentum swing in history for the underlying U.S. equity benchmark. + + +Outflows amounted to 8 percent of the fund’s total assets at the start of the week, a rate of withdrawals not seen since August 2010. A blowup in volatility-linked products sent markets haywire, eliciting waves of risk aversion from jittery investors. + +Strategists at JPMorgan said the swiftness and severity of the positioning unwind is a sign that further selling from the likes of commodity trading advisors and risk parity funds “should be limited from here.” + +“The picture we are getting in the U.S. equity ETF space is one of advanced rather than early state de-risking,” they added. + +The five-session stampede for the exits erased the previous nine weeks of inflows into the fund, which is issued by State Street. The combination of price declines and withdrawals erased $38.6 billion in SPY’s assets. That’s nearly double the second-worst showing of $19.4 billion in asset shrinkage during the week ending Aug. 21, 2015, when China’s surprise devaluation of the yuan roiled markets. Prior to this recent market tumult, extreme enthusiasm for U.S. equities had propelled the fund’s total assets above $300 billion. + +Flows activity in similar S&P 500 exchange traded funds offered by BlackRock and Vanguard was much more muted last week. The iShares Core S&P 500 ETF (ticker IVV) actually took in $634.5 million, while the Vanguard S&P 500 ETF (ticker VOO) saw only a modest $209 million exit the fund." + + + + +My contract is due to end on June 9th and I want to it to end on that date and not roll over. Their website states a minimum of 31 days notice must be given. I just rang to cancel and was told I could only ring and cancel exactly 31 days before my contract ends. + +Surely I’m within my rights to give them cancellation notice before? I am working away on May 9th and won’t have access to a phone/emails etc. + +Has anybody had a similar experience and found a work around? +Hi everyone. My wife + I have hit the £90k joint salary limit, and would therefore not be eligible for shared ownership flats in London; where it states joint applicants must earn under £90k. + + +I'm considering asking my employers for a £1 reduction in my official salary to get us below this £90k limit. Our joint salary would them be £89,999 per annum. + + +Is this crazy, has anyone done this before? Would this even work? Can't seem to find answers online +Edit: newer version here; [https://www.reddit.com/r/CryptoCurrency/comments/n5tvpv/due\_to\_a\_high\_number\_of\_requests\_ive\_updated\_my/](https://www.reddit.com/r/CryptoCurrency/comments/n5tvpv/due_to_a_high_number_of_requests_ive_updated_my/) + +Hi everyone. + +I have posted this previously - however there was a few issues which I have now fixed. + +1. Changed to Coingecko api. This now supports the top 1000 cryptocurrencies. +2. Loads much faster. +3. Should work internationally . The last version had formatting issues which caused errors for some people depending on their region settings. This should now work without having to change your excel language settings. Its difficult for me to test this in all the countries so please let me know if you are getting equation errors related to the exchange rate conversions. + +This is a spreadsheet that I have developed for myself gradually over a few years. I have found it very helpful for keeping track of my crypto holdings (good for tax purposes). No need to trust third party apps to keep your personal information - track it yourself. + +There is a lot in here; + +Automatically updates prices from coingecko. The top 1000 coins included. Just select which ones you want to track by typing in the ticker symbol. + +You can choose your local Fiat currency and get live conversion rates for any fiat currency. + +&#x200B; + +https://preview.redd.it/4q0ud2tdcht61.png?width=1904&format=png&auto=webp&s=66c2ddb94458dd40b4a8c4faaedc3cdff58d8fae + +I don't record details of every trade. Just keep track of your crypto purchases (from fiat) and what coins you currently hold. The spreadsheet will calculate the rest and keep a record of how your portfolio and holdings have changed over time (it logs this data every time you save the sheet) + +&#x200B; + +https://preview.redd.it/w2d6u10gcht61.png?width=1507&format=png&auto=webp&s=7238c8d7c64e68055a9878f522a9be246b48ca44 + +&#x200B; + +&#x200B; + +https://preview.redd.it/o8utfeqhcht61.png?width=602&format=png&auto=webp&s=9281d1c62972d691b1828bdc00abced272b4fa7d + +I find this very handy to see if your trading is actually profitable compared to the HODL method. + +&#x200B; + +&#x200B; + +https://preview.redd.it/eb3w4t9jcht61.png?width=929&format=png&auto=webp&s=99def90145a61e3ea19438e75737505d6f16c729 + +There are also plenty of 'moon math' and analytics to see how bitcoin is trending. This includes a full history of bitcoins price which updates every time you open the sheet. + +&#x200B; + +https://preview.redd.it/kpcgd7ykcht61.png?width=1423&format=png&auto=webp&s=9031f21351feeecf638b260a52c04feb57d93d4f + +A few more charts because I like charts; + +&#x200B; + +https://preview.redd.it/6z5y6namcht61.png?width=1133&format=png&auto=webp&s=e8414053e1c36e8a6722dfcb6e62b58bc4958c80 + +Also has a simple 'regret calculator' to more than satisfy your regret quota for the day; + +&#x200B; + +https://preview.redd.it/esdfokaocht61.png?width=351&format=png&auto=webp&s=944d2e278cd8818b95ab1662970fe0c6a8922f69 + +&#x200B; + +free download from here. Instructions inside. You will need macros enabled if you want it to do the fancy stuff. + +edit: new download link (version 14) + + [https://www.mediafire.com/file/wc24a9bgxiaxhep/Cryptoprices14-\_for\_others.xlsm/file](https://www.mediafire.com/file/wc24a9bgxiaxhep/Cryptoprices14-_for_others.xlsm/file) + +&#x200B; + +Hope this is helpful to you in some way. Let me know if you have any issues - I will try and help if you catch me at a good time. This only works in Microsoft excel - it does not work in google sheets. +After two emergency room visits with terrible insurance I had two bills totalling $10400. I called their billing department and explained that my insurance was covering nothing. They changed me over to "self pay" which reduced the bills by 55%. I then asked if there was a discount for paying in full instead of going on a payment plan. They both knocked off about another 25%. Both people were friendly and easy to deal with, I just had to ask the right questions. It really took me about 5 minutes. Hope this helps someone! +Yeah, okay. Seen this before. Here is the link: + +https://youtu.be/Owa7c0TqyzU + +As we all know, take the exact opposite advice of this dude. Evergrande still has a TON of money to pay back, they only met one payment. China market barely moving due to the news is more than likely completely bullshit, they know it’s an impending shit storm. Cramer acting like the U.S. won’t be affected is absolutely BS. With pretty much majority of our manufacturing and supply chain jobs operating out of China, we surely will feel shortages and supply chain issues arising if their economy tanked. This is the problem with globalism and having interdependent economies - if one falls we all fall. + +Also personal theory, he’s just a speaker for Hedge Funds. They want the market to stay above for now to ensure that they can short TF out of it and pull the rug before anyone else is ready. Fuck ‘em. If China experiences 2008-like crisis (as well as COVID, political tensions, social unrest, inflation, etc.) we surely will see quite a downfall this winter. + +Last year everyone had stimulus and extra government bailout money to flood the markets, we aren’t seeing much of that this winter. + +Just felt like sharing and discussing. +I constantly struggle with this. Say for instance, for my first trade, i'm down $300. Then on my next trade, say i'm up $150, instead of doing the right thing and taking profit and being like "alright now i'm only red $150. i'll take profit now and get into another trade later", i feel the need to hold and be like "MORE!!" and hoping that it'll keep going and i'll make back my losses. + +i'm TYPICALLY pretty conservative when it comes to taking profits as I do believe small profits add up. so in normal situations, i def would've taken profit on that $150. but it's like in that moment of wanting to make back my losses, that mindset goes out the window! + +This happens so often and it often times ends up with even more losses as the new trade that's in profit turns red too. I think for me, it's also because i trade with a paper account so i feel like my buying power is diminishing so i need to make back my losses now or else i won't have enough money left over to trade to make it back +Hi everyone, + +&#x200B; + +Long time lurker on this sub. I am completely sold by everything that I read here and have been trying to invest aggressively to make my FIRE dreams come true. I have recently been discussing this with my parents, who are wealthy in their own right. After laying out my assumptions, I showed them what I planned to be worth when I'm 50 (their current age) - they laughed at me and said I was being unrealistic. + +&#x200B; + +My scenario was: + +* Save approx 12k each year (realistic given my income and my ability to save will likely grow but I did not include this) +* Portfolio returns of 6%pa (my portfolio is 100% equity) +* 30 year time horizon + +&#x200B; + +Everything I run says that this will result in a portfolio of more than 1m. Everyone I tell this to scoffs. Am I being naive and missing a crucial factor that everyone else seems to understand? + +&#x200B; + +Thanks +One of the reasons I seek to FIRE is the simple reason I wish to own more of my time. + +Money can be seen as the currency of time. The reason why something costs money is that someone put their time into creating the thing I am buying. When you spend money, you spend someone else's time they put into serving you. If you are a billionaire, you could spend several lifetimes in a very short amount of time. + +My time is the most important thing I can offer to the world. Be it offering to my friends or family, to work, to enjoyment, or the community. + +This makes our time more precious than we might want to admit. Because the future is inherently unknown, we can never know for sure how much time we have. Do I have 50 years, perhaps only 20? + +Who of you has wished you had more time for friends and family? That you could work less and enjoy life more? Some love their work and would do it for free. But a lot of us think they would be happier spending their time in different ways. + +If you look at it this way, every subscription service I pay for, every new car I buy, every time I buy something I don't really need I pay with time I could have used in a more fulfilling way. + +This is why being frugal, saving money, being mindful of how one spends time, and seeking FIRE as a goal is something I strive for, to own my own time. + +Does anyone else think of it this way? +A lot of people starting to say that LRC is GME for people who don't have enough money. That's just wrong. + +With LRC at ~$4 and GME at ~$200, GME is 50x more expensive than GME. But let me tell you something, when the MOASS happens, GME will be priced way more than 50 times as much as LRC. Only one of these securities has insane SI, is primed for a huge short squeeze, is surrounded by SHF fuckery, and will be the face of the mass adoption of NFTs. Yes, Loopring will facilitate this, but that doesn't mean they're gonna benefit the most from it. + +You wanna hold LRC? Please do. But stop constantly mentioning it in this sub. You don't see OG VV$Bers flaunting their Tesla shares now do you? We're a GME sub, there's a LRC sub. End of the day, ape no fight ape so stay Buying, Holding and DRSing. 🟣🟣🟣 +http://hosted.ap.org/dynamic/stories/U/US_WAL_MART_STORE_CLOSURES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-01-15-09-18-12 + +Seems like another sign of global economic slowdown. Dow down huge this morning +**Coeffecient of Variation** is an indicator that was very useful in determining the VW squeeze prior to happening because it noticed how arbitrage among all the trading venues of VW stopped working. [You can read about it here.](https://www.sciencedirect.com/science/article/pii/S0927538X16300075) + +**VWAP** describes price moves relating to volume, describing liquidity. + +Volkswagen was a unique set up because it was a large cap stock that was trading on many international exchanges and many European exchanges simultaneously. As soon as liquidity dried up you would notice huge price variations that were not solved with arbitrage. This means VW would trade on one exchange at a certain price, and at an another price on another exchange. These opportunities are normally taken advantage of and prices normalize. Volatility generally is a huge profitable opportunity for arbitration, but it can become a self-perpetuating cycle as more and more volatility leads to more arbitrage leads to less liquidity and more over-under correcting. If arbitrators get liquidity wrong they can end up exasperating price variation and things spiral out of control. + +Let's take a quick look at GME and how these regional price variations worked this year: + +Indicator used\*\*:\*\* [**GME REGIONAL PRICE OVERLAY**](https://www.tradingview.com/script/hbu4YSSu-GME-REGIONAL-PRICES-OVERLAY/)**,** credit to [delegaatio](https://www.tradingview.com/u/delegaatio/). + +The regions we are grabbing GME prices on are: NYSE, XETR, [BMV ](https://www.tradingview.com/symbols/LSE-BMV/), FWB, SWB, BITTREX, FTX, [LSE ](https://www.tradingview.com/symbols/FWB-LSE/), CAPITALCOM (CFD) + +**March 2021 Run:** + +https://preview.redd.it/05kjtqplpoa81.png?width=925&format=png&auto=webp&s=a1aba799bc9d53b3a1815955e66f8d6d14411b30 + +Observe the various colour lines. Each line represents a different GME price on a different exchange. As volatility increases you'll notice there is more and more variation. + +There was huge variation on February 24th, and that maintained itself until March 10th when prices became quite normalized. It does seem March 10th was about to get significantly out of control. + +**March 29th, 2021:** + +Sometimes the indicator does not indicate any impending price move. In late march we saw a variance emerge but no price changes materialized. What's relevant in March however was the stock was, significantly, more liquid. There were still tens of millions of shares trading per day. The higher the liquidity means it's much easier for the price to stabilize across markets. + +https://preview.redd.it/7qg5njtsqoa81.png?width=981&format=png&auto=webp&s=d08352063ce0b7b1ceb53987ab53d4c6d021bbbc + +**April, 2021:** + +Here's how GME looked the entire month of april: mostly prices were tight and price action boring. Volume and liquidity was still quite high and available. + +https://preview.redd.it/v3er5cryqoa81.png?width=1080&format=png&auto=webp&s=490bdce9535b349fd186370010143321a1c1a9bb + +**May 20th, 2021:** + +On this date we saw deviation emerge of about $12. What followed was a period of sustained variation and price move to the upside. Volume also increased. + +https://preview.redd.it/shyf3op9roa81.png?width=1091&format=png&auto=webp&s=e68319e40028e44006ff50dc24d740cbc7e63dc4 + +&#x200B; + +**June 2021:** + +The May event gave way to our last most significant rally into GME AGM. Variance peaked the day after our highest push and was around $23. + +&#x200B; + +https://preview.redd.it/njddjb4uroa81.png?width=940&format=png&auto=webp&s=e5d69297a9e8afe42543a9b7ffbdeac1d3e197b8 + +**June - July 2021:** + +June and July marked some record low volume and the variation on price was very tight. Basically no action at all and things seemed under control. + +&#x200B; + +https://preview.redd.it/5uobof33soa81.png?width=1084&format=png&auto=webp&s=4daab5ec8183d462011979efd6f61617d93ff653 + +&#x200B; + +**August 19th, 2021 and August Run:** + +August 19th marked the second day of a $10 variance but on record low volume of around 1M. This was demonstrating huge illiquidity in the stock. What followed was a huge rally. GME gained about $90 over the next 7 days. + +&#x200B; + +https://preview.redd.it/untft9rgsoa81.png?width=978&format=png&auto=webp&s=86f679de97610f419a79b47337cde5100c38eab8 + +**September 9th, and September run:** + +September 9th had around a $12 variance out of nowhere and re rallied on medium volume to near $216. You can argue September was just a second re-test of the August run, and I'd agree. + +&#x200B; + +https://preview.redd.it/m7yk7kdxsoa81.png?width=1032&format=png&auto=webp&s=06caa7a7cc1b2886429e0f7fea5c43712d56a782 + +**September 30th, $8 variation, but nothing happened:** + +&#x200B; + +https://preview.redd.it/9ochei64toa81.png?width=945&format=png&auto=webp&s=f51cad760ef00429caf6f0dc54834776250b13a2 + +**October 11th, $6 Variation led to small rally:** + +&#x200B; + +https://preview.redd.it/d6wp0rv8toa81.png?width=913&format=png&auto=webp&s=a28cb3e7dc01d039dbc0d64a120bd8cda7ffcd2f + +**October - November rally was mostly undetected:** + +The first notable spread was on November 1st, after we were clearly in an uptrend, and we ran to $250 with a relatively stable and tight price spread- this would suggest volatility was well anticipated and liquidity available. What's interesting about this rally was it is technically our strongest price move on the lowest volume in the entire year. There is clearly a building relationship with lower volume and higher price moves, indicating less liquidity. + +https://preview.redd.it/8zyu92retoa81.png?width=957&format=png&auto=webp&s=c25a83ae8c2eacfc69f0ce48268f01039550d9a9 + +**November 8th, Cracks Appear, $20 variation:** + +The November variance comes after a run and into the downtrend. It surprises everyone. Volume is incredibly low. The price attempts to correct over relatively stable conditions in the following 2 weeks while maintaining a reasonably wide variation. There seems to be a strong suggestion that it is not so much a spike but a sustained variance over several days that has more suggestion for a price move. + +What followed was a November move to $250. + +https://preview.redd.it/66oq2swttoa81.png?width=987&format=png&auto=webp&s=21849af5e6ea694a6cb56f59d0e65da8b2ed8bc6 + +**December Downtrend:** + +The December downtrend was a record price decrease on record low volume, but despite that you stable and significant price variation present. + +The variation stabilizes into later December on low volume and low volatility. + +https://preview.redd.it/jq9z1uw9uoa81.png?width=1048&format=png&auto=webp&s=e8cde442240373b89a25a0612c84763eff710ea8 + +**January, Anniversary:** + +On January 6th we saw a HUGE spike out of no where (thanks to that fake MSM NFT Marketplace narrative) on only 6M volume. **This is the highest variation to lowest volume in the whole year.** + +The next day we see big volume (12M, but historically still low), and extraordinary strange price action which opens strong and gets cut down, to end with a late day rally. + +Interestingly we ended up despite 55% short volume. + +&#x200B; + +https://preview.redd.it/8opamwhevoa81.png?width=326&format=png&auto=webp&s=fc7d337e413c5e29884c4913e25872801cd9ffee + +&#x200B; + +https://preview.redd.it/2wwpbeinuoa81.png?width=680&format=png&auto=webp&s=99ed0a76e28dc551fc0b2b910ba1c3a7b08386f5 + +**Conclusion, and future relevance:** + +Coefficient of Variation and VWAP are imperfect indicators but they do demonstrate an interesting trend where *sometimes* a price variation leads to a price increase (often significantly) and historically to the upside. + +The price variation does demonstrate a general inability to properly stabilize the GME price across many exchanges due to issues with liquidity. + +GME volumes are now at record lows while entering the January Anniversary. It seems it is taking less and less volume to cause huge price variation (this is VWAP), and the underlying can not be price stabilized even with low volume, meaning the stock is more illiquid than ever. + +VWAP + Regional Price Variation indicator strongly suggests a move to the upside this week. + +*Note:* It is not a MOASS indicator... There is really no such thing. Any indicator is just a part of many tools to understand the mechanics of the stock. These indicators can help us create a model wherein we can assign a kind of probability to certain events. The probability of upside this week is very high, however we have a lot of resistance above $220. It will take a lot of buy side demand to drive past our resistance levels, but if we see any kind of repeat of volume that we saw last year then this will be achieved easily. + +If the liquidity trend continues, and GME does not issue more stock, then it is only a matter of time until the stock reacts violently to instability. This is why buy and hold works. Do not try to time any price moves with expiring strategies (options) unless you know what you are doing. I would argue far more money has been lost on GME options to inexperienced investors than made, and if that capital had went to buy and hold stock this may have long since been resolved. + +**TLDR:** + +GME trades on many different exchanges. Price differences across exchanges are normalized through arbitrage. As a stock *can not* normalize and the spread between trading venues increases we can suggest that the stock is becoming more illiquid and the volatility less predictable. + +In the VW Squeeze this Variation indicator was used to predict the squeeze two days before it occurred. + +We are not seeing any Variation indicator which suggests a squeeze is imminent however we are seeing indications of a coming price change (likely to the upside) and likely significant. + +Everyone should pay attention and use this indicator as simply another tool to understand what's happening with the stock, however GENERALLY the lower liquidity is a VERY GOOD THING and a big indicator that buy and hold is working. + +If the incumbent market participants were in complete control then GME would be trading at $50. It is clear that while they have significant power they have their limits. Buy and hold works, especially while GME is transforming and will soon attract new long whales/institutions. + +Lastly as liquidity dries up and volume declines (gradually this year) we can insert another indicator, **VWAP**, which essentially describes how lower volumes are having a larger and larger impact on price moves: this is a measure of liquidity in the stock. It is another indicator that does suggest a trend for better price action in the short term. + +**Parting Thought on Runs and Options Traders:** + +A big issue with *momentum* is that as option traders **sell** their options into price runs they create pressure AGAINST price improvement. **IF** those options had be partially or fully hedged and they're sold for cash (not exercised) then the de-hedging can add selling pressure (and liquidity) back into the stock and the price falls. This is why in January 2021 there were 150,000,000 options in the money, and had everyone exercised then T+2 would have been inevitable MOASS. Instead people sold their options for cash and the wave of selling (plus removing buy button for retail) destroyed momentum and returned some percentage of hedged shares back in the following week. + +If you have an option contract ITM, one idea is into a big run to sell it for cash (so you capture the full IV) and then BUY SHARES! Or... sell half for cash, and exercise half. Or, exercise the whole thing. This is a decision every investor has to make personally, however it should come as no shock that withdrawing capital (selling) whether it be options or shares, will cause pressure against price improvement. + +This is not financial advice. +Guten Morgen to this global band of Apes! 👋🦍 + +Happy New Year to all of you wonderful Apes! 2021 was certainly a roller-coaster for many of us, marking the beginning of a journey that has brought us farther than any of us bargained for. Thank you all for your stalwart companionship in this journey, and I am looking forward to what 2022 brings to us in this movement. + +As expected, last week's quarter-end RRP numbers set new records, and while it was below $2T it was certainly far higher than I think anyone would have expected. There is an insane amount of cash pumped into the US financial system and the RRP gives us a glimpse of a portion of it. While it is not directly related to the GME Squeeze, it is something that jacks my tits nonetheless. + +Additionally, the Evergrande trading halt seems to be another in a long series of signals that things aren't well in China's real-estate sector, and with huge sums of money owed to institutions all around the world, the collapse of Evergrande and others is likely to send a shockwave well beyond China's borders. We're all aware of Evergrande's inexplicable ability to be bankrupt and not-bankrupt at the same time, but the sheer number of payments they continue to fail to pay shows that it is beyond hope. + +Which, of course, brings us to GameStop. There are a huge number of options expiring this month, many of them worthless. These are widely thought to be a vehicle that the SHFs have used to hide their short positions, so the possibility of them needing to otherwise hide their shorts exists, though is not guaranteed. In any case, I think many Apes are expecting this to be another very exciting month, and our surest way to dial up the pressure on the SHFs is to buy more shares, DRS what we can, and to then buy more. HODLing is easy, but without steady buy and DRS pressure, the rocket may not ignite even with the upcoming options dates. We need to keep the pressure on, the kind of pressure that forges Diamantenhände. + +Today is Monday, January 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$148.44 / 131,06 €** *(volume: 2154)* +- 🟥 115 minutes in: $148.06 / 130,73 € *(volume: 2144)* +- 🟩 110 minutes in: $148.07 / 130,74 € *(volume: 2142)* +- 🟥 105 minutes in: $148.03 / 130,70 € *(volume: 2139)* +- 🟩 100 minutes in: $148.12 / 130,77 € *(volume: 2123)* +- 🟥 95 minutes in: $148.04 / 130,71 € *(volume: 2094)* +- 🟩 90 minutes in: $148.23 / 130,88 € *(volume: 1928)* +- 🟥 85 minutes in: $147.85 / 130,54 € *(volume: 1877)* +- 🟩 80 minutes in: $148.23 / 130,88 € *(volume: 1772)* +- 🟩 75 minutes in: $148.12 / 130,78 € *(volume: 1743)* +- 🟩 70 minutes in: $148.10 / 130,76 € *(volume: 1730)* +- 🟥 65 minutes in: $148.07 / 130,74 € *(volume: 1690)* +- 🟩 60 minutes in: $148.19 / 130,84 € *(volume: 1338)* +- 🟩 55 minutes in: $148.17 / 130,82 € *(volume: 1314)* +- 🟩 50 minutes in: $148.14 / 130,80 € *(volume: 1163)* +- ⬜ 45 minutes in: $148.12 / 130,78 € *(volume: 1018)* +- 🟩 40 minutes in: $148.12 / 130,78 € *(volume: 958)* +- 🟥 35 minutes in: $147.99 / 130,66 € *(volume: 944)* +- 🟥 30 minutes in: $148.23 / 130,88 € *(volume: 834)* +- 🟥 25 minutes in: $148.47 / 131,09 € *(volume: 748)* +- 🟥 20 minutes in: $148.51 / 131,12 € *(volume: 727)* +- 🟥 15 minutes in: $148.55 / 131,16 € *(volume: 713)* +- ⬜ 10 minutes in: $148.63 / 131,22 € *(volume: 701)* +- 🟥 5 minutes in: $148.63 / 131,22 € *(volume: 673)* +- 🟩 0 minutes in: $148.65 / 131,25 € *(volume: 395)* +- 🟥 US close price: $148.39 / 131,02 € *($149.16 / 131,70 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1326. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Jon Stewart is helping to shine a spotlight on congress basically accepting bribes to allow dirty tactics in the financial markets. This is one of the most important issues of our life. Do not let this opportunity slip. + +This is it, this is our chance to finally push to get lobbyists out of the American lawmakers pockets. We need to be clear that we don’t want lobbyists in politics at all. All across government, not just specific to Wall Street. We need to outlaw the practice entirely. + +We need a government that is looking out for the citizens best interest, not the 1%. With lobbyists influencing our policymakers, that is basically impossible. Let’s do this +Hi there, + +Is it possible to get options price data for free by collecting the real time price of a stock, the implied volatility, and the time to expiry using black scholes? I want to analyze basic option price data without paying every month for it— just want to compare the stock price to the option price and similar simple operations +[The new iPhone app is here.](https://apps.apple.com/au/app/selfwealth-trade-shares/id1550865298) It's an entirely new app, so you will need to download it fresh. Both apps will work, we will phase out the old app when our members have been given enough time. + +Android users (I am one) will need to wait a bit longer, sorry. + +We're only announcing it here (rather than emailing every member) as we want a slow uptake in the first week. Email any feedback or bugs to [info@selfwealth.com.au](mailto:info@selfwealth.com.au). If you need account help, you will need to talk our support team via live chat during trading hours, emailing support help at [info@selfwealth.com.au](mailto:info@selfwealth.com.au) won't be answered, unfortunately. + +# What's new? + +* Improved interface +* Trade US stocks +* Transfer between your AUD and USD cash accounts +* Better graphs and stock pages +* See your daily portfolio performance without logging in + +# What's still coming? + +* More account settings/control +* A quasi stock screener +* Download stock reports +* Company announcements and news +* Landscape mode on watchlists + +[I've created an article of known issues](https://help.selfwealth.com.au/hc/en-au/articles/360057846251), we'll update this when they're fixed. Should be overnight, pending Apple approval. + +# FAQ + +**Are we working on faster payments into the platform?** Yes, we are. It’s not an overnight job due to our legacy systems and partnerships. + +**Are we going to add more US order types?** Yes, no time frames yet though. + +**Are we working on live pricing?** Yes, we’re planning on a beta for certain customers. + +**Will you implement a dark mode?** That's up to Josh. Hound him in the comments. + +**Will you offer options trading?** Yes, no, maybe. +Story as old as times , 2020 was a great year for ARK funds and probably until mid February everything was going great , even this forum and /stocks were full of posts cheering for Cathy + +Just like literally every hot manager in the history things got a bit rough with spotlight and massive inflows and holy shit , Q3 outflows are > then their overall AUM until April 2020 + +This is not a Cathy sucks / doesn’t suck post , it’s a post about people never able to stick to their strategy , they will pile up on way up after crazy performance and bail when things go south , if you do tilts ( small cap , mid cap , value , growth etc ) you have to be honest with yourself and decide if you can stick with underperformance for some time ( could be weeks could be years , no one knows ) and if you don’t trust yourself just buy VTI +At the weekend I sold my car on finance. It had 1 year left. Owed 2400 sold the car for 5k. Payed off the finance and pocketed the rest, bought a banger for 600 quid. + +Finance on the car was costing me £220 a month (bad credit at the time) Now I'm finance free apart from the Missus cheap fiesta. + +The point is with costs rising in every sector, has anyone else thought of doing the same? Or are we reluctant even in hard times to give up expensive finance cars? Until at least things might settle down. +http://markets.businessinsider.com/news/stocks/snap-stock-price-pops-after-report-that-google-offered-to-buy-company-for-at-least-30-billion-2017-8-1002231595 + +To note: "According to the report, Google offered to buy Snap just before the company raised money for its Series F funding round that valued the company at $20 billion. The $30 billion offer is potentially still on the table, according to one source." + +An acquisition by Google does make sense since they have unlimited cash and a lack of a social media product. For SNAP, they are on the road to bankruptcy if nothing changes. +I've been looking at a townhouse in a nicer, somewhat hipster suburb in Mount Lawley Western Australia. When i first saw it, they had it advertised as "offers" and I wanted to maybe offer around $375k. I spoke to the agent over the phone after the first home open, who said he expected around low 400's. It's only a 1bedroom (+study and two living areas) 1x bathroom (+ powder room) and 1x garage, but three mezanine levels in a kind of loft space. + +The next week it changed to "offers from 439k" on the realestate website. A few more couples and people turned up and showed some interest but the last few home opens no one but me turned up. They've now changed it to "offers by 24 July". The agent has been pretty pushy in trying to get offers handing out offer and acceptance forms to people at the home open. + +I did some research and found that the same ones in the same complex sold for $412k and $420k in 2007. And in 2013 one sold for $565k (although a very different market back then) which the agent keeps bringing up at every homeopen. The one I'm looking at is nowhere near as nice as those that sold in 2007 and 2013, it also has tenants in it that kinda trashed it a bit, the kitchen is need of demolishing, carpets replacing, bathroom redoing and possibly tearing down a wall as well as replacing balustrades and stairs. Which alone is over $60k of work. + +I'd be looking at offering around $380k with a max of $395k. But if the seller is after $439k+ i think i might be lowballing it a bit? I feel my offer is fair and justified due to the amount of work needed, what the agent was originally predicting and what properties in the area sell for. I do quite like it considering the amount of work needed, but I only like it for the price that I can offer. I think if I'm the only remaining interested buyer I have some leverage, and that if they're selling now, during a pandemic they're maybe a bit more desperate than letting on? +Hi there, + +I'm 33 and my wife (33) and we have recently paid off (in full!) our Sydney home (where we live) which I bought when I was 18. The house is valued at $1.7M. I've been very fortunate to buy when I did but we have worked hard to pay it down. + +We have recently started considering the idea of cashing out about 1.3M of the available equity and lumping it into an Index Fund. + +I wonder if this would be standard practice for folk in this community considering the market returns (5%+) vs interest cost (~3%) + deductibility of cashout loan interest. + +Merry Christmas + +EDIT: +Household income is $180k + +Super balance is $300k combined + +Goals: retire in early 40s (or at least have the option) +I've begun searching for a property and I'm a bit put off by the idea of forking over $500 before every auction for building inspection. What is the point of this? Why can't they just provide a report so that every single interested party doesn't have to waste their time and money? +I have some cash which a month ago I was going to invest in the stock market, but I have since decided to avoid it since multiple factors make it seem more likely than not that the market is going to dive further over the next year. It's fine if you disagree on this, but if we take avoiding the stock market as a given, where is a good place to store cash to avoid inflation? +Guten Morgen to this global band of Apes! 👋🦍 + +I realize that I made a mistake yesterday, and that JP Morgan did not specify that they expect a GME squeeze in particular. There are many stocks that tend to be grouped together when talking about squeeze potential, but GME is the only one that I feel truly merits attention. As such, I naturally expected them to be discussing GME, but given the fact that it's all a big fake-out there is a decent chance that they fake the squeeze elsewhere while driving GME down to try to get FOMO investors to abandon GME. + +Obviously, that's not going to work on us. We *know* that GME is the one true MOASS stonk. It's a great company, with fantastic leadership, big future plans, cash in the bank to fund their plans, huge short interest against a small float, and a huge portion of the float locked up via DRS. There is no way that the SHFs (or their prime brokers) get out of their short positions without incurring enormous losses. We Diamantenhänded Apes like this stock, and there is no way that we FOMO out during their fake squeeze. + +Meanwhile, reverse-repo continues to set new records daily, and well ahead of the end of the quarter. This may be the warchest they'll deploy against us. It might get ugly, but stand firm in your resolve. + +Let's change the system forever. + +Today is Tuesday, December 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$157.19 / 139,44 €** *(volume: 1404)* +- 🟩 115 minutes in: $157.19 / 139,44 € *(volume: 1350)* +- 🟥 110 minutes in: $157.00 / 139,27 € *(volume: 1187)* +- 🟩 105 minutes in: $157.12 / 139,38 € *(volume: 1180)* +- 🟥 100 minutes in: $157.03 / 139,30 € *(volume: 1179)* +- 🟥 95 minutes in: $157.12 / 139,38 € *(volume: 1146)* +- 🟥 90 minutes in: $157.13 / 139,39 € *(volume: 1132)* +- ⬜ 85 minutes in: $157.31 / 139,55 € *(volume: 1111)* +- 🟥 80 minutes in: $157.31 / 139,55 € *(volume: 1046)* +- 🟩 75 minutes in: $157.48 / 139,70 € *(volume: 1046)* +- 🟩 70 minutes in: $157.44 / 139,66 € *(volume: 1046)* +- 🟥 65 minutes in: $157.39 / 139,61 € *(volume: 998)* +- 🟥 60 minutes in: $157.47 / 139,69 € *(volume: 960)* +- ⬜ 55 minutes in: $157.48 / 139,70 € *(volume: 959)* +- 🟥 50 minutes in: $157.48 / 139,70 € *(volume: 911)* +- 🟥 45 minutes in: $157.58 / 139,79 € *(volume: 910)* +- 🟩 40 minutes in: $157.82 / 140,00 € *(volume: 895)* +- 🟥 35 minutes in: $157.77 / 139,95 € *(volume: 895)* +- 🟩 30 minutes in: $157.93 / 140,10 € *(volume: 895)* +- ⬜ 25 minutes in: $157.82 / 140,00 € *(volume: 647)* +- 🟥 20 minutes in: $157.82 / 140,00 € *(volume: 637)* +- 🟩 15 minutes in: $157.85 / 140,02 € *(volume: 520)* +- 🟩 10 minutes in: $157.78 / 139,96 € *(volume: 120)* +- 🟥 5 minutes in: $157.74 / 139,93 € *(volume: 94)* +- 🟩 0 minutes in: $158.22 / 140,35 € *(volume: 75)* +- 🟩 US close price: $157.14 / 139,40 € *($157.25 / 139,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1273. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I know it’s my own damn fault for using their scam service but holy hell this was egregious. + +I had sold SPY calls that were almost a full $1 OTM at expiration and these fuckers decided to force me to buy them back before expiration AND sell my further expiration SPY calls that I was holding in order to pay for it. + +Their risk management team told me that apparently their algorithm considers it a risk that SPY will run an entire fucking dollar in 60 minutes at close. Doesn’t matter that I had the calls to cover it as collateral even if i did get exercised. + +They said my position was “recollateralized as a calendar spread.” + +Between the cost of buying back the 1 hour deep OTM FDs and the bid ask spread on my long calls these fuckers spent $600 of my gains to force me to buy FDs from them and probably pocketed the premiums and the bid ask spread. + +Absolute scam. Cancelling my account Monday and leaving nothing but bad reviews everywhere. + +EDIT: WOW SPY took a giant shit after hours. Thanks Robinhood risk management team for securing my tendies! If they hadn’t done this I’d have been FUKT. + +Second EDIT: thank you for all of the awards but instead of giving Reddit your money to celebrate my post please donate it to a worthy cause such as Citadel Securities or some other market makers. +I'm not talking about buying it on an exchange and forgetting about it, everyone could do that. What I'm talking about is actually using crypto. + +&#x200B; + +Things like setting up your own wallet, sending crypto from one address to another, securing seed phrases, understanding Gas fees, those are the very bare minimum of actually using crypto (not even talking about using L2s, staking, actually using De-Fi, NFTs, etc.) + +&#x200B; + +We take those for granted, but do you think the average Joe, who is too busy with his job and family have the time and energy to actually try and understand it? Do you think your grandma who doesn't even know how to turn on her Wi-Fi could know about it? Even us young adults are sometimes too lazy to study it. They probably won't bother and just use a normal bank. They would just go to a bank and proceed with their lives. + +&#x200B; + +Crypto is about decentralization, but we may need to embrace more centralization if we want more adoption now. I hate it, but I think we'll need it. I think, Real adoption is when companies have seamlessly integrated crypto into their services. When users don't even know they're using crypto, they just do. + +&#x200B; + +Like how reddit implements RCPs! We just open a vault to get it. Points are also really easy to send. Example only: Just tap my name and type 5 moons, hit send. It is so easy! Until companies make it \*THAT\* easy, we're nowhere near mainstream adoption. That's why I think we're still early. + +&#x200B; + +TLDR: Crypto is still too complicated for the general public. We need companies to integrate it in their services. +CryptoHeadZ | Game with Tournaments Ready at Launch! | Tournaments going on every day!! | 💴 HOLD2PLAY Games with enormous prizes 🎮 | BUSD Rewards!!! | 💴 Huge and vibrant community! 🚀 + +&#x200B; + +&#x200B; + +CryptoHeadZ + + + +CryptoHeadZ is brings the NFT, Gaming, and Passive income fusion to make any crypto lover lose their head! The HEADZ community is a proud and active tribe of cryptocurrency traders, developers, gamers, and collectors from all over the world. Whether it is through their addictive games, lucrative giveaways, or inspiring NFT utility, the team is always striving to create the safest and most fun community on the Binance Smart Chain. + + + +PvE-PvP game, CryptoHeadZ allows players to battle against each other and/or computer-controlled characters in real-time, jumping and dodging environmental obstacles and hazards on an ever-growing collection of stages. + + + + + + + +CA: 0xa6308944822D3495DbFC8eFf938778f18207D387